Quality certification services provider Intertek believes that India is in a sweet spot for testing and inspecting companies due to the gradual rise of the manufacturing sector in the country.
“India’s manufacturing sector could touch $1 trillion by 2025. With India evolving as a potential manufacturing hub, the companies need to ensure that quality production meets international quality standards especially suited for the success of the Make in India campaign,” said Calin Moldovean, President, Business Assurance, Intertek Group.
The company which closely works with the Indian government to give accreditation to manufacturing companies is eyeing opportunities in various segments, especially in the electrical, softlines and food industries. The company is also planning to expand its services in Delhi and Hyderabad.
“We can contribute at various levels. We have plans to expand by four fold.We have so many opportunities to really support our clients, all the way through the world value chains, supply chains to the end-customer," he added. The company also announced its entry in asset Integrity management system.
The firm believes that India is a big part of their strategic growth. The company has also expanded its operation in sectors like automobile, textile and food.
"On the textiles segment, India is one of top five for the group. We started with textiles and that is today our backbone. We are looking for other sectors. Last year we have made an acquisition in the food sector, the area where we have to focus on," said Rajesh Saigal, Executive Vice President and Chief Operating Officer, Intertek Group Plc.
At present, Intertek has 17 laboratories in different parts of India, providing employment to over 1,800 people. Intertek has a global network of 1,000 labs and offices spread in 100 countries employing around 36,000 people.
BW Reporters
The author is Senior Correspondent with BW Businessworld
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