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Indo Asian Fusegear Ltd, Indias largest manufacturer and exporters of compact fluroscent lamps (CFLs), has tied up with Lovato Electric of Italy to market a wide range of industrial electrical products in India. Lovoto Electric is a market leader in special industrial electrical products with a presence in over 80 countries. V P Mahendru , chairman -managing director ,Indo Asian Fusegear Ltd said, "Industrial electrical products are a high growth segment today. The current market for these products is estimated at over Rs 30 crore which is expected to more than double to Rs 60-65 crore in the next two years. He added " Besides tapping into this high growth segment ,we are also looking at leveraging our strong pan-India marketing network.Indo Asian is a well-known brand in low tension MCBs and fusegears. We would like to extend this to the industrial range of MPCBs as well through our extensive marketing arrangements with one of the leading global brands."Indo Asian currently has a robust pipeline for specialised electrical equipment and lightning equipment segment. |
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| Posted : 10/28/2005 |
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