At present, the company generates 20 per cent of its total revenue from the eastern market and this centre, being the first one in this region, opens up immense potential. This centre will not only accelerate the industrial growth in West Bengal but also be instrumental in the infrastructural growth of India, according to the company.

The development unit is an extension of the company?s current R&D activities and aims to develop innovative products, catering to core sectors like steel, power, oil and gas, sugar, cement, construction etc. The company also strives to introduce energy-efficient products for addressing the present issue of energy-scarcity.

With robust R&D, design and engineering expertise, state-of-the-art manufacturing units in Falta (West Bengal), Pune and Aurangabad (Maharashtra) and one overseas manufacturing unit in Germany, the company strives to grow exponentially in the international market and transform itself into a truly global player. With an aim to invest in product developments in both Kolkata and Pune in the coming years, the company expects to garner 15-20 per cent of the total revenue from new products being launched in FY 2019-20.

Kolkata is the gateway to several prospective SAARC and South-East Asian countries and this is one of the primary reasons for choosing Kolkata for this development centre. Favourable industrial possibilities and promising talents in the mechanical designing industry adds to the desired utility.

Neeraj Bisaria, Managing Director and CEO of Premium Transmission, said, ?We, at Premium Transmission, believe in sustainable growth and customer delight is paramount to us. This strives us to provide innovative solutions for being at par with the technological advances of the industry. This is our first development centre in the eastern region in the industry and we plan to expand further in newer markets in the coming years. We are hopeful to create a favourable employment scenario in the state and simultaneously be instrumental in the industrial growth of the country.?