Socomec India plans to enter
Sri Lanka, Bangladesh markets
Socomec India, a specialist in Low Voltage (LV) power management, has announced its plan to venture into the markets of Sri Lanka and Bangladesh, effective immediately. Termed as ‘Greater India,’ this strategic move consolidates the three countries into a unified business entity, marking a significant milestone for Socomec India and opening up new opportunities for business growth.
Speaking on the expansion, Meenu Singhal, Managing Director of Socomec India, stated, “Our commitment to meeting the evolving energy needs with innovative power solutions in the Asian market remains unwavering. Engineered in Europe and proudly manufactured in India, our products are poised to make a substantial impact in the markets of Sri Lanka and Bangladesh. This reaffirms our commitment to support the Atmanirbhar Bharat initiative and energize the country, while also solidifying our dedication to the ‘Make in India’ initiative with India serving as a pivotal hub for Socomec’s strategic growth in the Asia Pacific region. Our adherence to global quality standards positions us to navigate this journey with ease. We look forward to building lasting partnerships and empowering businesses with sustainable and efficient power solutions, further strengthening Socomec’s position as a trusted leader in the industry.”
“With a recent €5 million investment by Socomec Group in the Indian market to enhance manufacturing capacity, the goal is not only to meet local demands but also to Sri Lanka and Bangladesh markets through exports,” the company said issuing a statement.
Socomec India offers innovative power solutions, including Uninterrupted Power Supply, Power switching, and monitoring solutions. Leveraging cutting-edge technology, these products are tailored for data centers, manufacturing and process industries, healthcare, infrastructure, commercial buildings, and renewable energy. “With a focus on local presence, these product categories will now be available in the Sri Lanka and Bangladesh markets. With this expansion, Socomec India aims to double its revenue in these regions within the next 3 years,” the statement adds.
To fortify this ambitious growth plan, Socomec announced the appointment of Suhard Amit as the General Manager, tasked with steering the company’s initiatives in the emerging markets of Sri Lanka and Bangladesh.
As Socomec India embarks on this exciting journey of expansion, the company remains dedicated to delivering excellence and innovation in power management. “The commitment to sustainable solutions and superior quality will not only benefit businesses in Sri Lanka and Bangladesh, but also contribute to the overall development of these regions,” the official statement said.
