By IANS,
Chennai : US-based $21 billion diversified manufacturing group Emerson is bullish on India and plans to triple its headcount in this country in two or three years.
“The group’s head count in India is around 2,500 and we plan grow that by two times. Our business in India is growing at 12 percent CAGR (compounded annual growth rate) and we expect to maintain that level in future as well,” Amit Paithankar, Vice President-Sales (India) at Emerson Process Management, told reporters here.
According to him, the group has integrated sales operations under a ‘One India Strategy’ so that the customers deal with one point for their multiple product requirements.
The Emerson group manufactures process/climate control, industrial automation, power conditioning, tools and storage products.
Customers benefit from the breadth and depth of Emerson’s process automation technology offerings that support a wide range of industrial applications, ranging from electricity-generating power plants to food and beverage makers, to pharmaceutical manufacturers and oil, gas and petrochemical facilities, Paithankar pointed out.
“There will not be any reduction in our sales force because of unification. On the other hand, the number of feet on the street selling the group’s products will increase. The sales force can cross-sell products,” Paithankar said.
The reference was to the group completing the integration of the former Fisher
Sanmar Ltd joint venture to further strengthn its India growth plans. The former JV has been renamed Emerson Process Management Chennai Pvt Ltd.
The acquisition includes the transfer of more than 275 employees and the ownership of manufacturing facilities at Karapakkam, Chennai.
The acquisition enhances Emerson Process Management’s ability to support large projects in India, which have doubled in demand and opportunity over the last two years, Paithankar said.
It also enables the Indian operation of Emerson Process Management to export products, systems and services to high-growth markets such as the Middle East and Africa.
In the last couple of years, the Emerson group has invested around $700 million in acquisition of companies/stakes of joint venture partners.
“Such a strategy is expected to continue in the future as well,” Paithankar said.