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Shanthi Gears, a Coimbatore-based company, is planning to spend around Rs 100 crore in the next four years for technology upgradation, expansion and sales promotion activities, according to CEO Rajiv Moorthy.
In an interview here, he said the company was aiming at high-speed, high-precision gearing in the future and it would customise its products to suit the needs of customers. "We are into industrial gearing, which has great prospects, and we have four units at Coimbatore. We plan to set up customer service centres at four or five places in the country," he said.
He said the industrial gears manufactured by the company are used in the steel, cement, power, and infra sectors. The company is also exporting in a small way to the US, Europe, Canada and also Africa.
Moorthy said the company's share amounted to 6-7 per cent of the organised market. "We are pinning hopes on the make-in-India campaign. It has not really taken off. Once that happens, it will be good for our company and our sector," he added.
He was here over the weekend to participate in a customer meet.
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