Italy’s Sistem-Air and UAE-based Bin Daen Group are stepping into India by setting up a Rs 400-crore centralised vacuum systems (CVS) assembling plant at Adibatla near Hyderabad.
The investment is part of the joint partners' overall commitment to invest euro 200 million or up to Rs 1,500 crore over the next 2-3 years in India. The upcoming unit would cater to domestic, commercial and industrial utility, and is part of its Phase-I plan in India.
Being established under a 50:50 working formula, the unit would receive shipments of CVS’ from Sistem-Air’s manufacturing facility in Italy, while the entire assembling work would take place locally.
“We are in the process of finalising the land at Adibatla and building the dealership base for the advanced CVS' across several metros in India. Once we complete them, we will start the plant works. We are confident of beginning the works soon,” said Bavani Ganti, operations director for Bin Daen group India.
Ganti said the two companies wanted to have a “full-scale manufacturing operations in India in the next two financial years”, which would likely result in affordable economics.
While Sistem-Air currently has an order book to serve 1,100 domestic and 350 commercial establishments in India, lack of assembling plants and a lean dealership network was leading to a waiting period of up to 30 days.
“The partnership with Bin Daen Group would help us expand the dealership network for marketing our products across India,” said Sistem-Air’s global export head Fabrizio Borloni.
A central vacuum cleaner (also known as built-in or ducted) is a type of vacuum cleaner appliance installed into a building as a semi-permanent fixture. The power unit for it is a permanent fixture, typically installed in a basement, garage, or storage room, along with the collection container. Inlets are installed in walls throughout the building that attach to power hoses and other central vacuum accessories to remove dust, particles, and small debris from inside the rooms.
