Rittal to invest Euro 3 mn in India

Rittal India commemorates its 50th anniversary through enhancing its investments in India, it intends to invest Euro 3 million in India over the next 3 to 5 years. The company intends to expand its production site and product range and invest heavily in the Doddallapur (Bangalore), Pune and Delhi sites in 2012.

Besides, it has organized a celebration for customers under the theme '50 Years. Power and Vision' and it has inaugurated a new demo bus. The demo bus gives customers an overview of the entire product range from enclosures to climate control and power distribution through to IT infrastructure. The finished goods warehouse in Bangalore would be extended to 5,400 square metres.

Rittal's growth strategy for the Indian sub-continent involves extending its business relations with a large number of local customers and launching new products using its high tech production site in Doddaballapur. The company also plans to get new partners and to boost direct sales. In line with its goal, the company will launch campaigns in a bid to win business from prospective customers in the fields of renewable energies, power, food and beverages, pharma, oil and gas, the machine tool and automotive industry as well as in the data center market.

Helmut Binder, executive VP Sales at Rittal's headquarters in Herborn and responsible for Asia, Pacific, Middle East & Africa said, "Rittal plans to reach an annual turnover of € 3 billion worldwide by the end of 2015. In order to achieve this ambitious growth target, one of our main goals is to keep on growing in the boom region of India".