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Rs 20-crore Titan Industries is giving its thrust to precison engineering business and plans to invest heavily in an effort to boost business to around Rs 400 crore, in the next four to five years. Bhaskar Bhat,M.D,Titan Industries said, that although the business was doubling, the opportunities were huge and the company was looking at having a larger share of the Rs, 1,25,000-crore market. Global auto and aerospace majors are developing their sourcing strategies From India, and Titan is focussed on these sectors, while also planning to enter the medical implants/instruments industry. Bhat further mentioned that the company planned to offer automation equipment to customers with line automation as a service and the equipment as a product. The company supplies high precision parts and systems and components to Ford in Europe,Eton Corporation and United Tech, in the aerospace sector. |
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| Posted : 10/28/2005 |
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