Veka AG is getting ready to commission a manufacturing plant in joint venture with NCL, in Medak district of Telangana.
The German multinational engaged in uPVC products, is upbeat on Indian market and the upcoming facility is designed to become a regional hub for West Asia and the African markets.
According to Andreas Hartleif, Chief Executive Officer of Veka AG, “India is a key focus area for Veka as there is huge potential for growth in the uPVC market. We are investing in India to tap the rapidly expanding market and also service the region.”
On his part, Ashven Datla, Managing Director of NCL Veka, said, “The company, which has invested over Rs 50 crore in the facility, plans to make additional investments of Rs 25 crore in machinery, product enhancements, new showrooms and marketing.”
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