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

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?