Looking at a headcount growth of 25% by 2020. The company is poised to grow 20% YOY in terms of revenue in India. SPX FLOW is set to grow both organically and inorganically moving forward and India will be a key fixture in this roadmap. In India the potential for growth and untapped business is much higher than other matured markets. Commercial business is about $50 million in India currently. As part of the CAPEX investment and contributing to the ‘Make in India' initiative of the government, the manufacturing operations has expanded with the addition of the 4th state-of-the-art facility in Ahmedabad, the second in that city and 4th factory in India apart from Jaipur and Ghaziabad.
Announcing this, Marc Michael, Global CEO & President, SPX FLOW, said that expansion of capabilities in India is an important part of the company's growth strategy. "Over the past year, we have made significant investments to build our team and expand our operations in India with emphasis on improving our ability to serve customers in the local market and to support certain areas of our global business activities."
In the last year, the company has expanded its engineering, IT and HR functions; and increased its manufacturing and office footprint in Ahmedabad. It has also doubled its engineering team in India. "Ahmedabad is one of our key multi-purpose sites and I'm pleased with our recent progress here and encouraged by the enthusiasm of our team members," he said, adding that the company plans to expand its capabilities in India as business grows. The company has also significantly expanded its range of its industrial and energy products.
Rajendra Karandikar, Managing Director of SPX FLOW India mentioned "In addition to serving as important global engineering hub, this rapid expansion of High Value Center at Bengaluru helps us to bring our Globally proven technology of Mixing and pumping of fluids closer to fast growing Industrial sectors in India".
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