Business & Economics :: Latest News
December 4, 2007
ABB plans major expansion in India
ABB (www.abb.com) plans to rapidly develop its Indian operations by investing $100 million over three years to expand business, engineering and R&D capacities, build new factories and broaden its automation and power product range in India. The company also plans to create some 4,000 new jobs, which will bring the total number of employees in India to 10,000 by 2010. Driven by strong demand for power infrastructure and rapid growth in the industrial sector, ABB's revenues in India are expected at least to double over the same period to more than $2 billion by 2010. The goals are part of the ABB Group strategy published in September.