Racold Thermo targets 10% global revenues from India
The Dollar Business Bureau Water heater manufacturer Racold Thermo is betting big on India’s strategic market to meet its global expansion plans. It said the Indian market will contribute at least 10% to the company’s global turnover over the next four-five years. “The group has refocused on India in the last two years and we are preparing a roadmap for the next five years. The goal is to be at least 10% of the global turnover in about four-five years," Ariston Thermo India Managing Director V Ramnath told PTI. According to Ramnath, India contributes about mid to high single digit in percentage terms to its global revenues and the company plans to exploit the Indian water heater industry, which is slated to become ...
Solar-based products have huge export potential, says expert
Jayarama Emani | The Dollar Business Solar-based products like LED lighting and cells have huge export potential for markets like Africa, said an Expert. Speaking to The Dollar Business on the sidelines of an event jointly organized by The Indus Entrepreneurs (TiE) – Hyderabad Chapter and the FICCI (Federation of Indian Chambers of Commerce & Industry) to launch their Initiative on Smart Cities named ‘Smart Solutions for Smart Societies (4S)’, Satyam Bheemarasetti, Chief Executive Officer, Neosilica said, “India is a huge market and global destination for solar industry, with needs ranging from 3,000 MW to 10,000MW per year - for the next 10 years. This includes utility scale and residential and commercial needs. With this kind of demand, local supply of ...
