Emerson, a manufacturing and technology conglomerate with businesses across industries, is keen on expanding its India business.
In the last five years it has invested close to $800 million in India on acquisitions, greenfield facilities and capacity expansion. As there is an enormous growth potential in India, “which is one of the top five markets for us in the world, we are on the lookout for more acquisitions here,” said a top company official.
The $24-billion global major operates in four verticals - process management networking devices, climate technology and industrial automation. Its India turnover is over $700 million.
Talking to Business Line , Mr Pradipta Sen, President – India, Middle East and Africa, Emerson Electric Co, said the company would invest at least $25-30 million every year in various projects in the country. Besides, the group plans to make India a major design centre for its products across verticals.
The group's climate technology business division, Emerson Climate Technologies, has been closely working with the Bureau of Energy Efficiency to build awareness of the star rating programme. Mr Sen said the company recently introduced 5-star rated compressors – Copeland Scroll – for the residential window air-conditioners. Emerson has been a key OEM compressor manufacturer for many global brands, including Carrier, Blue Star, LG, Samsung and Hitachi.