Igus announces strong growth plans for India
Igus, one of the global leaders in motion plastics, announced today, an aggressive growth plan and strategy in the backdrop of 20 successful years of operations in India.
Commenting on the occasion, Deepak Paul, Managing Director, igus (India) said, “igus India has consistently been recording double digit growth over the last many years (except the pandemic year) and in the current year is growing at 30 per cent above the previous record year on average. igus India hopes to double its revenues to Rs 300 crore in the next 3-4 years.”
Announcing the launch of the virtual product expo titled Igus Motion Plastic Show (IMPS), Mr Paul said, “With businesses chugging back to normalcy and the buoyancy in the economy on its way to returning it to the hey days, the path ahead looks promising as manufacturers look for cost effective ways to drive their businesses. To support them, igus India has chalked out a multi-pronged strategy to drive growth and support businesses achieve their growth objectives, one of them being an immediate addition of 10,000 sq.ft with the intention of starting injection moulding in India which has been a longstanding wish from the Indian customers.”
Santhosh Jacob, Country Manager and Director, igus India said, “As a technology focused organization, innovation has always been igus’s cornerstone and prime focus. igus India’s investment of nearly Rs 20 lakhs into the IMPS is yet another innovative offering to enable customers visiting the virtual stall to not only witness new products, product extensions and new service offerings, but also interact with an igus’s product experts who can share more insights, global experience and also directly discuss their relevant applications of interest virtually.”
Stephen Moreno Simpson, International Group Development, Igus GmbH added, “igus products are manufactured in accordance with its guiding principle – plastics for longer life. Our products are designed with passion to extend the service life of machines and applications, eliminate maintenance and reduce costs. Our investment in the virtual trade show comes at a time when buoyancy to the manufacturing segment is returning and augurs well with the plans that we have envisioned for India.”