Engineering solutions provider Maccaferri Environmental Solutions today said it plans to invest over Rs 200 crore to expand capacity and acquire assets in India over a five-year period, starting 2012.
"The opportunity is huge since our way of construction is time-saving, cost-saving and long-lasting. The beauty and the durability of our constructions are amazing," Maccaferri Environmental Solutions Managing Director Vikramjiet Roy told PTI.
The company is a subsidiary of Italy's Maccaferri, which is involved in the manufacture, research, design, execution, maintenance and monitoring of civil engineering projects. Maccaferri started its India journey in 1996-97, but only began full-fledged operations toward the end of 2006.
From just a Rs 10 crore turnover in 2006, the company's business swelled to Rs 130 crore firm in 2010. It aspires to clock nothing less than a Rs 1,000 crore topline in the next five-six years in conjunction with the completion of its second growth phase.
Roy said that the industry, currently pegged at Rs 600 crore, has been growing by around 30 per cent over the past few years and is poised to record 40-45 per cent growth a year from 2012-13 onward, in sync with the extra push from flood management and infrastructure projects.
Prime Minister Manmohan Singh has said the country needs investment worth $1 trillion investment during the XII Five-Year Plan (2012-17) period to maintain economic growth and Maccaferri wants to capitalise on the opportunities that are likely to come up in this regard.
The company would look at buying out a small-sized construction firm to further expand its operations, it said.