Legrand, the euro 3 billion French electrical appliances company, is planning to source raw materials such as steel, copper, ABS (plastic used in making appliances) and DMC, a component for electric circuit breakers, from India. Subsidiary, Legrand India, will help its parent in selecting the vendors. |
"India would offer us metals and raw materials at a cheaper rate. The company is also impressed about Indian engineering and manufacturing skills," said Benoit Lecuyer, managing director, Legrand India. |
Legrand will also source wiring devices such as switches, sockets and plugs. Further, the French major is planning to make India the information technology support centre for its global operations. |
Meanwhile, Legrand India is also looking at penetrating the domestic wiring devices market. Legrand controls about 5-6 per cent of the domestic market. Players such as Anchor and Havells are its closest competitors. |
Legrand, which has been operating in the country since 1995, registered a turnover of Rs 180 crore for the year ended December 2005. |
"We would be targeting mass housing, hotels, airports and information technology and business process outsourcing establishments," said Lecuyer. Legrand operates in 60 countries with sales in over 160 countries. |
The firm has a share of 6 per cent in the worldwide market, with 18 per cent in switches and sockets and 15 per cent in cable management systems. |