CG to export smart grid devices from Bangalore unit

Power equipment maker Crompton Greaves is eyeing markets in Indonesia and West Asian countries to export smart grid devices to be manufactured at its Bangalore facility that was formally inaugurated on Saturday.

“While India is a large market, we are also looking at exporting smart grid devices to Indonesia and some West Asian countries, among others from the Bangalore facility,” the company's CEO & Managing Director Laurent Demortier told reporters here. Crompton Greaves has invested Rs 8 crore in the facility that will manufacture automation products, distribution automation devices, advances metering infrastructure and telecommunication solutions, the company said.

Demortier said that business situation in India is “difficult” and has not changed since the second quarter.

The unit head, automation (India) of Crompton Greaves, Hampesh T said that the company has already derived Rs 120 crore revenues from the facility in the past two years by executing pilot projects. “We are confident of exponential growth in the coming years,” he said. The main buyers will be power utilities and EPC contractors, he added.