ABB to invest Rs 250 cr to expand manufacturing base in India
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Leading power and automation technology group ABB plans to invest Rs 250 crore in this fiscal (FY13) to build new facilities in the country to manufacture high-voltage power products and transformers.
The expansion is part of ABB's strategy to develop, manufacture and market products to meet the needs of Indian customers, as well as serving as an export hub, the company said in a statement.
"The new manufacturing units will further strengthen our local footprint and enhance our product portfolio. They will enable us to serve our customers better as we continue to support the development of the country's power infrastructure" ABB Local Division Manager (power products) Pitamber Shivnani said.
The facilities will be located in Savli near Vadodara, Gujarat and produce high-voltage gas-insulated switchgear (GIS) and PASS (plug and switch system) hybrid switchgear as well as dry-type and oil-immersed distribution transformers, the release said.
The facilities are likely to be operational by the end of 2012, he said.
"The new transformer factory will manufacture vacuum cast coil dry-type transformers and oil-immersed distribution transformers. It will help to bridge a gap in the present product offering in India and extend the distribution transformer range up to 10 megavolt amperes (MVA), 33 kV. It will also enable localization of vacuum cast coil dry-type transformers," Shivnani added.