Rapid growth in green energy solutions is attracting more overseas players to the country where currently local manufacturers hold sway.
The Thailand-based Artith Machinery and Ventilators in association with the Dubai-based Lijan Greentech are planning to take green energy solutions for commercial and industrial units and residences like green roof ventilators, solar sky tubes and lights and reflective heat insulation across the country starting from Kerala.
“The green energy solutions field is growing at 20% annually in India,” said Rapee Boonbutra, director of Artith, a three-decade old company with international operations.
At present Lijan Greentech is importing parts in CKD and assembling them at its unit at Angamaly in Kochi. “We are assembling 500 green roof ventilators a year, which we plan to scale up to 1500 in another 5 years. Our products are compatible with Indian climatic conditions,” said Lijo George Kuttukkaran, MD of the company. The unit has a capacity to assemble 3500 units.
Boonbutra said as the sales increase, Artith may even explore the possibility of setting up a unit in India. He said the company has developed a new variant green roof ventilator that can generate electricity while rotating. “It is expected to hit the market soon,” he said. Lijan group which began operations in Dubai in 2004 has a ten-year association with Aitith. It entered Kerala market two years ago. Read More
Latest posts by The Economic Times (see all)
- Petrol, diesel under GST not possible till revenues stabilise: Arvind Subramanian - December 11, 2018
- Coal India to spend Rs 1,000 crore on executives’ salary hikes this year - December 11, 2018
- Finance ministry to push through two more M&As among energy PSUs to meet selloff target - December 10, 2018