Borri partners with Unitek to set up manufacturing plant

Font Size

Print

Feedback

Email

Discuss

Related Articles

Petrol stations dry, flights delayed by oil strikePetro products' supplies to go down soonPetro products' supplies to go down soonBPCL sees 'mixed response' to OSOA's strike call

Kochi, November 14: : Borri, the European giant in power equipment, and Kerala based Unitek Power Solutions (I) Ltd, are jointly setting up a rs 30 crore modern manufacturing plant at Pazhanganad in Kerala's Ernakulam district to cater to Indian and overseas markets.

The foundation stone of the factory will be laid on Saturday by Union minister for Parliamentary Affairs and Overseas Indian Affairs, Vayalar Ravi. State Local Administration minister, Paloli MohammedKutty will preside over the function.

This is the first plant in India, Borri is partnering within the country.The new unit is expected to be completed in a year's time,he said.

Fausto Beoni, Managing Director, Borri, said India was 'interesting country with a huge potential. Indian market will grow very fast'.

Their products are used in various industrial establishments, marine applications, textile units,

hospitals, oil field and recession will not be a concern, he said.

There were also plans to recruit Indan engineers who would be trained in Italy, he said adding 80 persons have already been recruited. More people would be taken in phases.