Emerson bullish on scaling up EPM biz in India, bets on core sectors' growth

CHENNAI: US based Emerson is betting big on Indian opportunity for scaling up the operations of Emerson process management ( EPM), focused on meeting the automation process needs of a host of industrial customers in the country. It hopes to ride on the 12% growth expected in the next five years in core sectors like power, oil, gas, refining and metals.

Sabee Mitra, president, EPM Asia Pacific said in Chennai on Friday India of the global sales of $ 6 Billion ( 2010) from EPM, Asia Pacific contributed $ 1.5 Billion. India’s share came to $ 200 Million with 16% to 17% growth clocked in the last five years.

“ We are bullish on sustaining the growth in India. We expect the country to significantly contribution to the process in terms of innovation, engineering, growth in sales and in people taking up leadership roles”, he said.

On the investment strategy, Mr Mitra said Emerson would have pumped in $ 700 million in the last three years on five to six acquisitions in India including on acquiring 100% stake in the joint ventures. The trend is expected to continue.

Sunil Khanna, MD, EPM, India said it employs over 2500 people across the country including in its engineering centres. Emerson expects this to be doubled in the next three to four years.

The $ 21 Billion Emerson has completed the integration of the former JV, Fisher Sanmar into EPM India. This is the last venture in which it gained full control.

The acquisition is part of EPM’s one India strategy of addressing customers through a single sales and support Channel. Mumbai headquartered EPM India has its plants and engineering centres in Chennai, Vadodara, , Chandigarh, Pune and Noida.