Mamata Group plans auto parts unit in China

Ahmedabad-based Mamata Group, with interests in machinery and energy among others, is in a global expansion mode.

The company is planning to set up an automotive parts plant in China and is also in discussions with companies in the US and Germany to expand its global sales network of renewable energy equipment.

"A new machinery production plant has been commissioned in China and should be functional by January 2007. At present, we produce around 50-60 automotive parts machinery, but once the plant begins to function fully, we expect to make about 100 units per year" Mahendra N Patel, chairman, Mamata group, told Business Standard.

One of the company's subsidiaries, Mamata Energy, which develops patented innovative space cooling systems from long-term storage or from direct use of solar thermal energy is also planning to tie up with international companies.

"We are planning to expand our presence in the energy sector with the international market offering a lot of potential. For that, we would be tying up with US and German companies in our endeavour to establish a global footprint, " said Patel.

Mamata Machinery has entered into a joint venture with Klockner DESMA, Germany. "We are now a part of Klockner DESMA and hold a significant share in the firm now." said Patel.

Talking about exports, Patel said "At present, we are exporting almost 70 per cent of our machinery that is around 130 a year to almost 60 countries. And in India we are supplying 70-80 machines per year".

The company's market for bags and pouch making machines is around $ 300 million abroad and in India it has garnered revenue of Rs 45 crore. Its bottling line market is around $ 6 billion worldwide and in India it is around Rs 178 crore.