Murata starting operations at Coimbatore
Japan-based Murata Machinery Ltd, a leading textile machine manufacturer, would start its Indian operations from November 2007, a top company official said. To start with, the company, under the name 'Murata Machinery India Pvt Ltd,' would base its operations from Mumbai, Delhi and Coimbatore, eyeing the major textile belts of the region, Hidetoshi Kimura, Senior Managing Director, Murata Machinery, told reporters here today. The company has grown its business in India by 800 per cent in the last 10 years.From the USD 80 million business in 2006-07, the company expected to touch USD 100 millon this financial year.Having increased more than ten-fold over the past five years, textile machinery has nearly 30 per cent of the global sales in India, he said. Murata Machinery will further enhance the operations of market support, installation and follow-up services for its textile machines,which have traditionally been handled by Murata Machinery's authorised service partner, MMI services Private Ltd, he said. Asked about plans to start an assembly unit in India, Hidetoshi said the company has taken a first step, and future plans would be decided in due course. With the remarkable growth of the Indian economy, Murata expected that together with its textile machinery market, its markets for machine tools,logistics and automation equipment would also grow significantly,he said.
