Hitachi Koki acquired Metabo for Rs 1,900 crore in March 2016. The plan is to achieve additional five percent of Indian revenue through the acquisition with a new range of products. Metabo will continue to have R&D centre in Germany and will be supporting India with latest technological products.

"We believe in flowing back profits earned in India to our Indian subsidiary itself, which we have been following since the inception of this Indian entity. All these investments have been used to increase our logistics and office facilities and enhance the working capital. We started exporting our products to Sri Lanka and Nepal since 2007. This year we are entering Bangladesh as well," Maehara added.

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