Electrical goods and home appliances-maker Havells India plans to invest nearly Rs 120 crore for ramping up its production facilities across the country in the next fiscal (2013-14). Plans will be finalised by March this year.
The Delhi-based Rs 3,600-crore company will invest the sum towards increasing capacities by at least 20 per cent across four of its units. They are the switchgear facility at Baddi (Himachal Pradesh), cables and wires unit in Alwar (Rajasthan), the lighting and fixture facility at Neemrana (Rajasthan) and a fans unit in Haridwar (Uttarakhand).
Havells currently has 14 manufacturing units in India located at Haridwar, Baddi, Noida, Faridabad, Alwar, and Neemrana, and six others across Europe, Latin America and Africa.
“We will spend around Rs 115 crore this fiscal and have earmarked around Rs 120 crore for the next fiscal. Plans in this regard are being finalised,” Ameet Gupta, director, Havells, told Business Line.
According to Gupta, the company is yet to finalise the exact amount to be allocated for each of these units. Havells is already carrying out a Rs 130-crore expansion – to double production capacity to 10 lakh units – at its switchgear facility in Baddi. It is expected to be operational by the first quarter of next fiscal (June 2013).
Havells, which acquired the European lighting major Sylvania a couple of years back, is also eyeing global tie-ups with luxury hotel chains and commercial establishments such as museums and auto-showrooms to carry out lighting solutions. Similar tie-ups are being explored in India also, Gupta said. The company already has tie-ups in India with the National Museum in Delhi and RN Tagore museum in Kolkata. It also has a global tie-up with automobile major Renault and Madamme Tussauds’.