Socomec India has announced plans of expanding its footprint to Sri Lanka and Bangladesh.
Termed as ‘Greater India,’ this strategic move consolidates the three countries into a unified business entity, marking a significant milestone for Socomec India and opening up new opportunities for business growth, the company said in a release.
With a recent investment of 5 million euros by Socomec Group in the Indian market to enhance manufacturing capacity, the goal is not only to meet local demands but also to Sri Lanka and Bangladesh markets through exports.
Speaking on the expansion, Meenu Singhal, Managing Director, Socomec India, stated, “Our commitment to meeting the evolving energy needs with innovative power solutions in the Asian market remains unwavering. Engineered in Europe and proudly manufactured in India, our products are poised to make a substantial impact in the markets of Sri Lanka and Bangladesh. This reaffirms our commitment to support the Atmanirbhar Bharat initiative and energize the country, while also solidifying our dedication to the ‘Make in India’ initiative with India serving as a pivotal hub for Socomec’s strategic growth in the Asia Pacific region.”
Socomec India is energizing the country through its innovative power solutions, including uninterrupted power supply, power switching, and monitoring solutions. These products are tailored for data centers, manufacturing and process industries, healthcare, infrastructure, commercial buildings, and renewable energy. With a focus on local presence, these product categories will now be available in the Sri Lanka and Bangladesh markets.
To fortify this ambitious growth plan, Socomec proudly announces the appointment of Suhard Amit as the General Manager, tasked with steering the company’s initiatives in the emerging markets of Sri Lanka and Bangladesh, the release added.
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Featured photograph shows (L to R) Meenu Singhal, Regional Managing Director (India), Socomec and Devesh Singhania, CFO (India) and APAC Industry Controller, Socomec, announcing the company’s expansion plan during a press conference in Chennai on February 7, 2024.
