Comments
Diversified industrial solutions provider Eaton Technologies Pvt Ltd plans to triple revenues in India by 2015 at $500 million.
It is part of the company's goal to generate 30 per cent of the sales from emerging markets, said Mr Alexander M. Cutler, Chairman and Chief Executive Officer, Eaton Corporation.
“We are excited about participating in the development of India's infrastructure and its manufacturing, transportation and power industries,” said Mr Cutler.
The company also plans to enter the power distribution business in India this year. It will establish sales, marketing, application engineering and local manufacturing facilities, he said.
“India is critical to our growth. We see our participation in India first and foremost as an opportunity to support our customers in the fast growing domestic economy and secondly, as an opportunity to meet the needs of our global customers,” he added.
R&D unit
The research and development (R&D) division of Eaton in Kharadi, Pune, plans to hire 200 employees for engineering and professional services.
“We are committed to increasing our research and development initiatives locally, as well as investing in our people and communities in India,” he said.
Eaton has four manufacturing plants with over 2,300 employees in India. It provides solutions to the electrical, hydraulic and automotive industries.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.