BWI: SCHWING Stetter Inaugurated its Raipur Branch

Press release from Business Wire India
Source: SCHWING Stetter India Pvt Ltd
Wednesday, January 18, 2012 05:46 PM IST (12:16 PM GMT)
Editors: General: Consumer interest; Business: Construction, Heavy industries, Real estate
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SCHWING Stetter Inaugurated its Raipur Branch
Scouting for land to set up new manufacturing facility in Raipur

Chennai, Tamil Nadu, India, Wednesday, January 18, 2012 -- (Business Wire India) -- SCHWING Stetter India, one of the pioneers of concrete construction equipment in India, today inaugurated its upgraded branch in Raipur. The new branch was inaugurated by Anand Sundaresan, Managing Director, SCHWING Stetter India, and Mr. V.G. Sakthikumar, Chief Operating Officer, SCHWING Stetter India. With the commencement of this upgraded branch, SCHWING Stetter aims to target the booming construction market and active customer base in Raipur.

Market Potential:

The Chhattisgarh government has collected revenue of Rs. 800 crore from stamp duty and registration fee on land transactions, due to which the size of the real estate industry has grown to over Rs. 11,000 crore in Chhattisgarh in the current fiscal year, thus leading to a construction boom.

Market Potential:

-- Real estate industry Rs. 11,000 crore in Chhattisgarh-Government of India

-- CE industry potential to grow at 19-22 % to reach $20-25 billion by 2020 - CII.

-- 'Cities of Opportunities' -Morgan Stanley Research Report: Jalandhar, Aurangabad, Bhubhaneshwar, Agra and Raipur.

According to the latest Morgan Stanley research report, smaller cities are scoring over metros in terms of growing urbanisation, and cities such as Jalandhar, Aurangabad, Bhubaneswar, Agra and Raipur are believed to be the next 'Cities of Opportunities'.

The report measures the key drivers of urbanisation such as physical infrastructure, financial penetration, consumer services and job listings in the top 200 cities (by population) in India. The vibrancy index is aimed at helping investors evaluate companies' strategic positioning in urban centers and monitor sector trends.

"Construction equipment (CE) industry has the potential to grow at 19-22 % cumulative annual growth rate to reach $20-25 billion by 2020,said industry body CII in a report. With infrastructure demand to quadruple in 15 years, players are hopping in to catch up with the massive demand in roads, sport complexes, stadiums, dams, power projects, ports infrastructure developments, etc.

Speaking on this occasion, Anand Sundaresan, Managing Director, SCHWING Stetter India said, "Schwing Stetter is getting ready to tap the $1-trillion funds, the government has earmarked for infrastructure development under the 12th Five-Year plan starting 2012." He added, "We are also looking at setting up a manufacturing plant in Raipur for which we are scouting for land."

Mr. V.G. Sakthikumar, Chief Operating Officer, SCHWING Stetter India said, "Schwing Stetter has recently opened branches in Goa, Patna and Jamshedpur and now an upgraded branch in Raipur. He added, "Today the construction equipment industry is expected to do much better than last year in terms of domestic sales and exports. Steady prices of raw materials, new launches, increase in competition and a healthy economy will also contribute towards the growth of the manufacturing industry in India."

About SCHWING Stetter India Pvt Ltd:

Incorporated in June 1998, and commencing its manufacturing operations in 1999, SCHWING Stetter India is a 100% subsidiary of SCHWING Group of companies, an 850-million Euro German Concrete machinery manufacturer. SCHWING Stetter is a pioneer in manufacturing equipment for concrete preparation, placement, transportation and recycling. SCHWING Stetter (India) Private Limited manufactures concrete batching plants, transit mixers for transporting readymade concrete to construction sites, pumps and concrete placing booms and recycling plants. It caters to infrastructure developers and also acts as an OEM supplier to various cement companies who offer Ready Mix Concrete. SCHWING Stetter has its manufacturing units in 11 countries including Germany, Austria, USA, Brazil, Russia, China, Ostrava, India, sales and service centres in France, Netherlands, Austria and Sweden as well as representations in more than 145 countries worldwide.

To view the photograph, please click on the link given below:

Inaugurated by Anand Sundaresan, Managing Director, SCHWING Stetter
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/1(193).jpg
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KEYWORDS
CONSUMER, CONSTRUCTION, HEAVY INDUSTRIES, REAL ESTATE

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