Motilal Oswal has recently struck a deal of Rs 45 crore investment in ElectroMech Material Handling Systems, one of the largest manufacturer of workshop duty cranes in India. ElectroMech is engaged in the business of design, engineering, manufacturing and installations of electric overhead travelling (EOT) cranes, electric wire-rope hoists, jib cranes and gantry cranes. ?Over the past 7-8 years, the gross capital formation in the economy as a percentage of GDP has increased from 25 per cent to 36 per cent. With GDP in nominal terms expected to grow at 13-14 per cent coupled with investment of $ 1 trillion infrastructure spending in the 12th Five Year Plan, this would result in substantial demand for all products and the services required for the development and maintenance of infrastructure. This provides a very strong opportunity for companies like ElectroMech with a credible brand - built over the last 30 years of its existence, strong management team and a world-class manufacturing facility,? said Ramdeo Agrawal, Chairman, Motilal Oswal PE. ?ElectroMech?s vision is to be the largest industrial crane manufacturer in South Asia in the next five years in terms of volumes as well as value. As a result, ElectroMech has aggressive plans to become a Rs 7-billion company over the next 5-6 years. The growth would come from expansion of product portfolio and entry into newer geographies like Africa, Middle East, etc,? said Tushar Mehendale, Managing Director, ElectroMech.