| ABB plans $100mn expansion |
| BS Reporter / Bangalore December 3, 2007 |
| ABB, the $25 billion global player in power and automation technologies, is investing a further $100 million over the next three years in the Indian market for capacity and range expansion. The company has just completed a $100 million capital expenditure plan which was announced during November 2004. The Indian unit which has a topline of $1 billion backed by strong demand in the power generation and core sectors growth, will use this additional investment to double its topline in three years time. The headcount of the Indian unit is expected to cross the 10,000 mark from the current 6,000 in the same time-frame. Hubertus von Grunberg, chairman, ABB Group in Bangalore to coincide with ABB |
