Press Esc to close
Friday 31 March 2017
News updated at 2:07 AM IST

Pentair bullish on Indian market; eyes new areas for growth

New Delhi, Sept 8, 2013 (PTI)
Swiss firm Pentair that provides a range of services and products to various industrial sectors is betting on the Indian market notwithstanding the current slowdown and is exploring new opportunities in repair and replacement of aging equipment.

"The country has immense growth potential due to its growing population and wealth. We are betting on this country as it will be getting better in terms of growth and profitability in the years to come," Pentair Vice-President (Global Growth) Jerome O Pedretti told PTI.

The USD 7.5 billion firm is present in India since 1998 and caters to a variety of sectors by providing solutions to host of industries from petrochemical entities to water filtration needs of residential and commercial projects.

"There is lot of investment going on in sectors like oil and gas and also there is huge scope for water filtration projects in the country," Pentair India Managing Director and Country Head Mukund Vasudevan said.

Bullish on the Indian market, he said: "Even in a slowing market, we can sustain growth by doing well in the niche areas. We continue to grow the double of GDP growth in India and in the next five years would like to sustain such levels of growth."

He, however, did not disclose financial details of the company's operations in India.
Since only about 10 per cent of the people in the country have access to pure drinking water, the water filtration segment offers huge scope for growth, he added.

"We are also looking at new business models like service and replacement of aging equipment, across the various segments in which we operate," Vasudevan said.

The company, whose customers in India include firms like ONGC, ITC and Delhi Metro, aims to grow ahead of the country's GDP growth.

India along with other fast growth countries like China, Russia, Brazil, Middle East and South East Asia contribute around 25 per cent to Pentair's global revenues.
The company, which employs around 30,000 globally, has over 1,500 people working for it in India.

Go to Top

Photo Gallery
People  are purchasing Mango leaves and Neem leaves on the eve of Ugadi festival ...

People are purchasing Mango leaves and Neem leaves on the eve of Ugadi festival ...

A group of Marathi women, dressed in traditional attires, with placards displaying...

A group of Marathi women, dressed in traditional attires, with placards displaying...

Yakult's new brand ambassador and Bollywood actor Shilpa Shetty at a promotional event...

Yakult's new brand ambassador and Bollywood actor Shilpa Shetty at a promotional event...

‘King of fruits’ mango has arrived for sale at Eidgah Maidan near Channamma Circle in Hubballi...

‘King of fruits’ mango has arrived for sale at Eidgah Maidan near Channamma Circle in Hubballi...

Children with flowers, neem leaves and jaggery all set to welcome the New Year...

Children with flowers, neem leaves and jaggery all set to welcome the New Year...

Roads wear deserted look on Tuesday as temperature soars in Surat...

Roads wear deserted look on Tuesday as temperature soars in Surat...

Security forces chasing away local protesters who tried to disrupt an anti-militant operation...

Security forces chasing away local protesters who tried to disrupt an anti-militant operation...

Smoke billowing out of the house which was targeted by the security forces personnel for...

Smoke billowing out of the house which was targeted by the security forces personnel for...

A man carries schoolchildren on his bicycle on a road in Srinagar, India...

A man carries schoolchildren on his bicycle on a road in Srinagar, India...

Russian opposition leader Alexei Navalny, foreground, speaks to press in a court room in Moscow....

Russian opposition leader Alexei Navalny, foreground, speaks to press in a court room in Moscow....

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523