Capital goods maker ABB proposes to expand the number of factories it has in India as growing public and private capital expenditure (capex) in the country pushes up demand for industrial goods.
At the same time, the export market is also growing, explains ABB India’s Country Head and MD Sanjeev Sharma in a conversation with Business Standard, prompting the move to enhance capacity, since the Indian unit of the Zurich-based multinational company caters to international markets.
ABB India derives 87 per cent of its annual turnover from the domestic market and 13 per cent from the export market. The plan is to position India as a global hub for exports as the order momentum from international markets, explains Sharma, remains high.
