• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Kochi, Nov. 14 Kerala-based Unitek Power Solutions and European power equipment maker Borri is jointly setting up a Rs 30-crore manufacturing plant at Ernakulam district to cater to Indian and overseas markets.

Mr Fausto Beoni, Managing Director, Borri, and Mr John Zachariah, Managing Director, Unitek Power Solutions, said at a press meet that the foundation of the new factory will be laid on Saturday and it will commence operations in a year.

Once the new manufacturing unit is set up, it would be possible for the company to produce and market power equipment of the highest quality matching international standards, they said.

They pointed out that the new manufacturing unit will be a blessing for the Indian industry as the domestic players will get quality products in a time.

Borri will be having a stake in Unitek and the modalities are being worked out.

Unitek and Borri have been working together for more than a year and have made deep inroads into the Indian market.

Their products have reached various industrial establishments and are used by marine applications, textile units, hospitals and oil field, among others.

Unitek expects a turnover of Rs 75 crore this year, Mr Zachariah said.

More Stories on : Alliances & Joint Ventures | Electrical Goods

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line