TUV Rheinland to invest €30-mn in India

TUV Rheinland India, a subsidiary of the €1.9-billion TUV Rheinland Group, Germany, has earmarked an investment of over €30 million in the Indian market over the next few years,

A few days ago, the company expanded its India footprint with a purpose-built, 1.5 lakh-sq-ft facility in Bengaluru at an investment of €2.5 million that houses all of its laboratories under one roof, including the photovoltaic lab, material testing lab, electrical safety lab, medical lab, battery testing lab, softlines testing and IoT testing lab.

Speaking on the occasion, Michael Fubi, President & CEO, TUV Rheinland AG, said, “India is slated to become our number one market in the IMEA (India, Middle East & Africa) region by December/January, as it has the potential to outperform other countries in the region.”

“With rising demand for our services through our Industrial Services, Mobility, Products, Softlines, Life Care & Academy and Systems Certifications divisions, we have witnessed a 25 per cent increase in India revenue in 2016 and are on track to achieve 30 per cent growth this year. Our new facility in Bengaluru offers customers a complete solution that will reduce turnaround time and accelerate time to market,” he added.

Image Credit : thehindubusinessline.com

Related Stories:

Get Latest Updates Via Email