Socomec unveils expansion plans to SL, B'desh
POWER & RENEWABLE ENERGY

Socomec unveils expansion plans to SL, B'desh

Socomec India, a leading global specialist in Low Voltage (LV) power management, has unveiled its ambitious expansion plans. The Chennai-headquartered French powerhouse is set to venture into the markets of Sri Lanka and Bangladesh, effective immediately. Termed as 'Greater India,' this strategic move consolidates the three countries into a unified business entity, marking a significant milestone for Socomec India and opening up new opportunities for business growth.

Speaking on the expansion, Meenu Singhal, Managing Director of Socomec India, stated, "Our commitment to meeting the evolving energy needs with innovative power solutions in the Asian market remains unwavering. Engineered in Europe and proudly manufactured in India, our products are poised to make a substantial impact in the markets of Sri Lanka and Bangladesh. This reaffirms our commitment to support the Atmanirbhar Bharat initiative and energize the country, while also solidifying our dedication to the ?Make in India? initiative with India serving as a pivotal hub for Socomec?s strategic growth in the Asia Pacific region. Our adherence to global quality standards positions us to navigate this journey with ease. We look forward to building lasting partnerships and empowering businesses with sustainable and efficient power solutions, further strengthening Socomec's position as a trusted leader in the industry.?

With a recent ?5 million investment by Socomec Group in the Indian market to enhance manufacturing capacity, the goal is not only to meet local demands but also to Sri Lanka and Bangladesh markets through exports. Socomec India is energizing the country through its innovative power solutions, including Uninterrupted Power Supply, Power switching, and monitoring solutions. Leveraging cutting-edge Technology, these products are tailored for Data Centers, Manufacturing and Process Industries, Healthcare, Infrastructure, Commercial Buildings, and Renewable Energy. With a focus on local presence, these product categories will now be available in the Sri Lanka and Bangladesh markets. With this expansion, Socomec India aims to double its revenue in these regions within the next three years.

To fortify this ambitious growth plan, Socomec proudly announces the appointment of Mr. Suhard Amit as the General Manager, tasked with steering the company's initiatives in the emerging markets of Sri Lanka and Bangladesh. Amit, with a distinguished career spanning over 25 years in diversified market segments, brings a wealth of expertise to the role, positioning him as a key driver of Socomec's strategic endeavors in these dynamic markets.

As Socomec India embarks on this exciting journey of expansion, the company remains dedicated to delivering excellence and innovation in power management. The commitment to sustainable solutions and superior quality will not only benefit businesses in Sri Lanka and Bangladesh, but also contribute to the overall development of these regions. This move contributes to the broader South Asian Association for Regional Cooperation (SAARC) initiative, promoting economic cooperation and regional integration. The 'Greater India' vision positions Socomec as a catalyst for cross-border trade and cooperation within the SAARC nations.

Socomec India, a leading global specialist in Low Voltage (LV) power management, has unveiled its ambitious expansion plans. The Chennai-headquartered French powerhouse is set to venture into the markets of Sri Lanka and Bangladesh, effective immediately. Termed as 'Greater India,' this strategic move consolidates the three countries into a unified business entity, marking a significant milestone for Socomec India and opening up new opportunities for business growth. Speaking on the expansion, Meenu Singhal, Managing Director of Socomec India, stated, Our commitment to meeting the evolving energy needs with innovative power solutions in the Asian market remains unwavering. Engineered in Europe and proudly manufactured in India, our products are poised to make a substantial impact in the markets of Sri Lanka and Bangladesh. This reaffirms our commitment to support the Atmanirbhar Bharat initiative and energize the country, while also solidifying our dedication to the ?Make in India? initiative with India serving as a pivotal hub for Socomec?s strategic growth in the Asia Pacific region. Our adherence to global quality standards positions us to navigate this journey with ease. We look forward to building lasting partnerships and empowering businesses with sustainable and efficient power solutions, further strengthening Socomec's position as a trusted leader in the industry.? With a recent ?5 million investment by Socomec Group in the Indian market to enhance manufacturing capacity, the goal is not only to meet local demands but also to Sri Lanka and Bangladesh markets through exports. Socomec India is energizing the country through its innovative power solutions, including Uninterrupted Power Supply, Power switching, and monitoring solutions. Leveraging cutting-edge Technology, these products are tailored for Data Centers, Manufacturing and Process Industries, Healthcare, Infrastructure, Commercial Buildings, and Renewable Energy. With a focus on local presence, these product categories will now be available in the Sri Lanka and Bangladesh markets. With this expansion, Socomec India aims to double its revenue in these regions within the next three years. To fortify this ambitious growth plan, Socomec proudly announces the appointment of Mr. Suhard Amit as the General Manager, tasked with steering the company's initiatives in the emerging markets of Sri Lanka and Bangladesh. Amit, with a distinguished career spanning over 25 years in diversified market segments, brings a wealth of expertise to the role, positioning him as a key driver of Socomec's strategic endeavors in these dynamic markets. As Socomec India embarks on this exciting journey of expansion, the company remains dedicated to delivering excellence and innovation in power management. The commitment to sustainable solutions and superior quality will not only benefit businesses in Sri Lanka and Bangladesh, but also contribute to the overall development of these regions. This move contributes to the broader South Asian Association for Regional Cooperation (SAARC) initiative, promoting economic cooperation and regional integration. The 'Greater India' vision positions Socomec as a catalyst for cross-border trade and cooperation within the SAARC nations.

Next Story
Real Estate

CRDA Approves Rs 17.32 Bn Tenders for Housing and Infra

The Capital Region Development Authority (CRDA), during its forty-seventh meeting chaired by Chief Minister N. Chandrababu Naidu, approved tenders worth Rs 17.32 billion to develop key infrastructure in Amaravati’s core capital area.Municipal Administration and Urban Development Minister Ponguru Narayana announced that Rs 5.14 billion was sanctioned for completing gazetted officers’ towers initiated between 2014 and 2019. In addition, Rs 1.94 billion was approved for external infrastructure, Rs 5.07 billion for nine towers for non-gazetted employees, and Rs 5.17 billion for twelve new towe..

Next Story
Real Estate

Prestige Estates Nets Rs 30 Bn in NCR Debut Launch

Prestige Estates Projects Limited has recorded sales of over Rs 30 billion within one week of launching its first residential project in the National Capital Region (NCR). The project, The Prestige City, located in Indirapuram Extension on National Highway twenty-four, sold one thousand two hundred units during its initial launch phase.This marks the Bengaluru-based developer’s maiden entry into NCR’s residential real estate market. The company attributes the strong response to brand trust, strategic location, and rising demand for premium, planned communities.The launch covered two reside..

Next Story
Infrastructure Transport

Palakkad Railway Division Upgrades Turnouts for Safety

The Southern Railway’s Palakkad Division has implemented a series of infrastructure upgrades to enhance train safety and operational efficiency. Over the past one year, the division has replaced one hundred thirty-three ageing fifty-two kilogram turnouts with robust sixty kilogram Thick Web Switches, engineered for high-speed durability and increased strength.Seventy-seven track layouts were corrected using advanced computer-based geometry solutions, involving precise longitudinal and lateral alignment with the aid of the T-28 Track Relaying Machine. These corrections improve track stability..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?