Schwing Stetter India, one of the pioneers of concrete construction equipment in India, has inaugurated its upgraded branch in Raipur. The event was attended by Anand Sundaresan, Managing Director, SCHWING Stetter India and. VG 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.
Speaking on the occasion, Anand Sundaresan said, “Schwing Stetter is getting ready to tap the US$ 1 trillion funds, the government has earmarked for infrastructure development under the 12th Five-Year plan starting 2012. We are also looking at setting up a manufacturing plant in Raipur for which we are scouting for land.”
While lamenting on Schwing Stetter’s recently opened branches in Goa, Patna, Jamshedpur and now in Raipur, VG Sakthikumar said, “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.”
According to a recent Morgan Stanley Research Report, Raipur will be the next city of opportunities in the region and with state government encouraging industries to set shops in the state by giving various tax soaps, several infrastructure and construction activities have been picked up in the state for the last two years.
Media reports, suggesting construction boom in the state, said that the state 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.
About Schwing Stetter
Incorporated in June 1998 and commenced manufacturing from 1999, Schwing Stetter India is a 100% subsidiary of SCHWING Group, 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.
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