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French UPS major Socomec plans to set up a facility in India to manufacture/assemble industrial UPS (uninterruptible power supply).
Greenfield project
With improved sales, the company has reached a point wherein it has decided on the option of either using its existing switchgear factory near Gurgaon to manufacture UPS or set up a greenfield project, according to Mr Jerome Rodriguez, Managing Director, Socomec UPS, a €500-million company.
Socomec sells around 100 units of industrial UPS ranging between 500 VA and 5,400 KVA.
It has been importing the UPS from its plant in Italy.
“With the current volume, we need to quickly decide on setting up a plant in India,” he told newspersons.
The company has invested Rs 30 crore in its Gurgaon plant and will require a similar amount to set up another unit.
“While we have to take a decision quickly, we are yet to decide on the option and the location,” he said.
Demand for UPS
According to Mr Rodriguez the demand for UPS continuous to be ‘strong' from the IT industry (used in data centres) and the banking and financial service sector.
Clients install UPS for continuous power in metros and for expanding in to tier-II and tier-III cities where the UPS is a necessary, he said on the launch of two new UPS products – Masterys IP and Modulys Green Power.
The Indian subsidiary is targeting revenue of Rs 100 crore by 2011 from the present Rs 70 crore.
The addressable Indian market in the organised sector was Rs 750 crore, he said.
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