Vivek Norman, Managing Director, NTIPL, told reporters here that the company has closed the Chennai plant, which had capacity to manufacture 300 pumps per annum and has shifted to a new facility at Goa, with a capacity to produce 1500 units per year.
NTIPL is into progressing cavity pumps, industrial rotary lobe pumps, macerators and griders. It is the subsidiary of the German based NETZSCH Group of Companies, which has a global turnover of 400 million Euros.
Norman said that the India turnover is 2.5 million Euros and it will grow by more than 30 per cent for this Financial Year due to the Goa facility. "The key factor for success is that we should be close to the local market," he said adding that 800 units per year is the Indian sale of the company, which could be achieved with the new plant.
Norman said the company in India enjoys a market share of 25 per cent with a compounded annual growth rate of 32 per cent. The company has its sales and service offices across eight towns in India.