Socomec India unveils strategic expansion plans to Sri Lanka, Bangladesh

  • Industry News
  • Feb 08,24
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.
Socomec India unveils strategic expansion plans to Sri Lanka, Bangladesh

Socomec India, a leading global specialist in Low Voltage (LV) power management, has unveiled its ambitious expansion plan today. The Chennai-headquartered French powerhouse is set 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 energise 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. Socomec India is energising the country through its 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.

To fortify this ambitious growth plan, Socomec proudly announces 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. Amit, with a distinguished career spanning over 25 years in diversified market segments, brings a wealth of expertise to the role, positioning him as a key driver of Socomec's strategic endeavours in these dynamic markets.

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. This move contributes to the broader South Asian Association for Regional Cooperation (SAARC) initiative, promoting economic cooperation and regional integration. The 'Greater India' vision positions Socomec as a catalyst for cross-border trade and cooperation within the SAARC nations.

Related Stories

Electrical & Electronics
Socomec appoints Devender Singh Manhas as Head - Commercial Supply Chain

Socomec appoints Devender Singh Manhas as Head - Commercial Supply Chain

With a workforce of 3900 employees, 12 production sites, and over 30 subsidiaries spanning five continents, Socomec Group is a key player in the industry. Headquartered in Chennai, Socomec India boa..

Read more
Aerospace Defence
Garuda Aerospace partners with CYOL to launch drone operations in Sri Lanka

Garuda Aerospace partners with CYOL to launch drone operations in Sri Lanka

Under this collaboration, Garuda Aerospace will work with CYOL to deliver advanced drone solutions tailored to agriculture and technology integration.

Read more
Policy Regulation
Capital-intensive industries drive employment growth in India: Goldman Sachs

Capital-intensive industries drive employment growth in India: Goldman Sachs

India’s manufacturing transformation is being fuelled by reforms, including the Production-Linked Incentive (PLI) schemes, which have played a pivotal role in increasing domestic production, foste..

Read more

Related Products

Power Conversion Systems

POWER GENERATION & ENERGY CONSERVATION PRODUCTS

POM Systems & Services Pvt Ltd offers a wide range of PCS power conversion systems energy storage.

Read more

Request a Quote

Hot Water Generators

POWER GENERATION & ENERGY CONSERVATION PRODUCTS

Transparent Energy Systems Private Limited offers a wide range of Hot water generators - Aquawarm Superplus.


Read more

Request a Quote

Scrap Baling Press

POWER GENERATION & ENERGY CONSERVATION PRODUCTS

Fluid Power Machines offers hydraulic scrap baling press. Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016