Equipment manufacturer Metso Corporation is planning to set up engineering hubs in India and internationalise manufacturing facilities in the country to cater to global demand.
The Finland-based firm, which is in India since the past 25 years, offers equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries.
Pekka Vauramo, President and CEO, Metso Corporation, said: "We are growing at a high rate in India across the business verticals that we are present in. We began our operations in India through exports and now we have been invested in the country to set up manufacturing facilities to cater to the local as well as international demand.”
He further said the company is expanding the capacities in India mainly encouraged by the kind of developments happening in the country in terms of taxation, augmentation of infrastructure and logistics, changing business rules, among others making it a favourable place to do business. Recently, the company acquired RMEBS valve business, a part of the privately owned Rotex Group and plans to develop it to meet the international demand.
The company is also setting up a new 20,000-tonne capacity foundry in Vadodara and increasing the mineral equipment capacity of the Metso Park in Alwar, by 35 per cent.