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Engineering solutions provider Maccaferri Environmental Solutions has said that it plans to invest over Rs 200 crore to expand capacity and acquire assets in India over a five-year period, starting 2012.
“The opportunity is huge since our way of construction is time-saving, cost-saving and long-lasting. The beauty and the durability of our constructions are amazing,” the company Managing Director, Mr Vikramjiet Roy, told PTI.
The company is a subsidiary of Italy’s Maccaferri which is involved in the manufacture, research, design, execution, maintenance and monitoring of civil engineering projects.
Maccaferri entered the Indian market in 1996-97, but began its full-fledged operations towards the end of 2006.
From just a Rs 10-crore turnover in 2006, the company’s business swelled to Rs 130 crore in 2010. The company aims to clock nothing less than Rs 1,000-crore topline in the next five-six years in conjunction with the completion of its second growth phase.
Mr Roy said that the industry, currently pegged at Rs 600 crore, has been growing by around 30 per cent over the past few years and is poised to record 40-45 per cent growth a year from 2012-13 onward, in sync with the extra push from flood management and infrastructure projects.
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