+
ABB steps up focus on manufacturing amid revival in the capex cycle
ECONOMY & POLICY

ABB steps up focus on manufacturing amid revival in the capex cycle

ABB, a capital goods manufacturer, plans to expand its presence in India as the country's public and private capital expenditure (capex) increases demand for industrial goods.

At the same time, the export market is expanding, according to ABB India's Country Head and MD Sanjeev Sharma, driving the decision to increase capacity, since the Indian portion of the Zurich-based global corporation caters to foreign markets.

ABB India generates 87% of its annual revenue from the local market and 13% from the export market. According to Sharma, the objective is to position India as a global export hub as the order momentum from international markets remains strong. ABB's export markets include countries in West Asia, Africa, South East Asia, South America and the US.

"At the moment, we have 27 factories in four cities in the country. This includes plants at Nashik, Vadodara, Faridabad and Bengaluru. We have enough land near our existing plants as well as cash on our books to undertake further expansion of our manufacturing units. At least one or two more plants should come up in the near future," Sharma said without giving further details about these new units.

ABB India reported a topline of Rs 8,568 crore for the fiscal year ending December 31, 2022, a 24 percent increase over the previous year. Net profit for the fiscal year 2022 nearly doubled to Rs 1,026 crore, up from Rs 532 crore the previous year.

Also Read
NHAI approves road relaying work on 125-km Tiruchi - Madurai NH
Western Global introduces new jobsite fuel solutions at ConExpo

ABB, a capital goods manufacturer, plans to expand its presence in India as the country's public and private capital expenditure (capex) increases demand for industrial goods. At the same time, the export market is expanding, according to ABB India's Country Head and MD Sanjeev Sharma, driving the decision to increase capacity, since the Indian portion of the Zurich-based global corporation caters to foreign markets. ABB India generates 87% of its annual revenue from the local market and 13% from the export market. According to Sharma, the objective is to position India as a global export hub as the order momentum from international markets remains strong. ABB's export markets include countries in West Asia, Africa, South East Asia, South America and the US. At the moment, we have 27 factories in four cities in the country. This includes plants at Nashik, Vadodara, Faridabad and Bengaluru. We have enough land near our existing plants as well as cash on our books to undertake further expansion of our manufacturing units. At least one or two more plants should come up in the near future, Sharma said without giving further details about these new units. ABB India reported a topline of Rs 8,568 crore for the fiscal year ending December 31, 2022, a 24 percent increase over the previous year. Net profit for the fiscal year 2022 nearly doubled to Rs 1,026 crore, up from Rs 532 crore the previous year. Also Read NHAI approves road relaying work on 125-km Tiruchi - Madurai NH Western Global introduces new jobsite fuel solutions at ConExpo

Related Stories

Gold Stories

Next Story
Infrastructure Urban

India’s Global CE Connect

India’s construction equipment industry is entering a phase where scale is increasingly being matched by productivity, technology, localisation and lifecycle economics. Against this backdrop, bauma ConExpo India 2026, scheduled for September 15-18 at the India Expo Centre, Greater Noida, will bring the global and Indian construction machinery ecosystem together.The eighth edition is expected to be the largest yet, with the exhibition sold out across around 1.45 million sq ft. More than 1,100 exhibitors from over 100 countries are expected to participate, with visitor numbers projected to exc..

Next Story
Real Estate

Orris, Godrej Properties Settle Dispute Over Gurugram Project

Orris Infrastructure and Godrej Properties Limited have reached an amicable settlement over matters related to the jointly developed Godrej Air project in Gurugram, bringing an end to the dispute between the two companies.The Bombay High Court, while hearing a petition filed by Orris Infrastructure, ordered the immediate and unconditional release of Orris Managing Director Amit Gupta on August 25, 2026, after being informed about the settlement agreement between the parties.A single-judge bench led by Justice Milind N. Jadhav noted that in view of the settlement agreement signed by both compan..

Next Story
Infrastructure Urban

Panasonic Launches Second Cycle of Startup Co-Creation Programme

Panasonic Life Solutions India (PLSIND), through its IGNITION Open Innovation platform, has announced the second cycle of Co.lab Studio, a startup collaboration initiative focused on developing scalable digital services and solutions.The new cycle will focus on Safety & Security and Daily Living solutions for communities by leveraging Panasonic’s AI and IoT-enabled connected living platform, MirAIe. The programme aims to help startups move from innovation concepts to pilot deployments, platform integrations and commercialisation-ready solutions.The first cycle of Co.lab Studio received 1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code