Delta India, (a power management solutions provider, and an Indian subsidiary of Delta Thailand), is planning to invest US$ 70 million for the development of a manufacturing plant and a research and development facility by 2009. Delta India, Managing Director, Dalip Sharma said, "We will spend US$ 70 million in setting up another plant in Rudrapur and a R&D centre in Gurgaon in the next one year."

The company had already set up a manufacturing plant in Rudrapur, Uttarakhand, with an investment of US$ 30 million, and it is likely becomes fully operational by the end of 2008, manufacturing products worth around US$ 28 million, informed Sharma.

He informed that the Indian arm has all necessary clearance for investments from the parent company. "We have the necessary approvals from the Foreign Investment Promotion Board for our investments," said Sharma. He further added that approximately one-tenth of the company's output of the company will be exported to neighbouring countries like Sri Lanka and Bangladesh.

Delta India posted a turnover of US$ 90.62 million in December 2007 and it aims at US$ 135.91 million by December 2008.

Source: India Brand Equity Foundation
Date: 01 September, 2008