TÜV Rheinland India, a wholly owned subsidiary of Germany’s TUVRheinland Group, is to invest Rs 150 crore for its expansion plans in India.

The investment would primarily be for setting up new testing laboratories and expanding the capacity at its existing facilities in Bangalore, TÜV Rheinland India said in a statement.

“The testing and certification business is at a nascent stage in India. But, with the growing consumers’ awareness, it is bound to go up in the coming years. India has the advantage of an increasing domestic market in addition to the export market that throws open opportunities and challenges for inspection and certification companies like us,” said M. Bhaskar, Director, TUV Rheinland India.

Textile testing centre

“A new textile testing centre would be set up at Gurgaon and Tirupur by the end of this year in addition to expanding the current facilities in Bangalore. We would also look at setting up more laboratories next year,” Bhaskar added.

As an independent third party, TÜV Rheinland tests, monitors and certifies products, installations, processes, management systems and services based on statutory requirements, relevant performance indicators and standards. The company itself is actively involved in developing those standards.

Part of the money would also be spent to set up vocational training centres.

TUV Rheinland would also scout for opportunities to acquire businesses which would be complimenting to its existing sphere of work, be it in the field of testing and inspection and or vocational training centres.

Based on suitability, the company hopes to strike a few acquisition deals by the end of next year.

rajesh.kurup@thehindu.co.in

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