Date of Post: 06 July, 2018
New Delhi: ABB India is looking to expand its facilities to cater to growing demands from railways and also increasing focus on renewable energy space, a top company official said. The company spends around USD 100 million on its business in the country every year, ABB India, MD (Managing Director) Sanjeev Sharma said.
- He said,”We are expanding our factories to cater to the requirements of Railways because the Railways is expanding a lot. They (Railways) are spending a lot specially on the electrical side. (In) electrical locomotives, a lot of technology is demanded that demand is really picking up. That is where we see expansion of our factories.”
- “What we do going forward is we continue to evolve. On an average we continue to invest USD 100 million every year in the country.”
- Sharma said, renewable energy is another area where the country expects good expansion.
- The MD said,”Our solar factories have expanded. Now solar factory in India has become global feeder factory.”
Image Credit: ABB
Narinder Sharma is a part of the content team of Rail Analysis India as a writer and marketing executive.
His interest is in the Railways , Metro and Transportation Sector of India .
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