Schwing Stetter plans new plant
Schwing Stetter is planning to set up a new plant in India, expecting a growth in the sectors it is present in, in future. While plans are in preliminary stage, the company is looking at various states to set up the plant, with an investment of Rs 100-200 crore. According to Anand Sundaresan, Vice-Chairman and Managing Director, Schwing Stetter India, with the infrastructure sector expected to see a growth in the near future, the company will have to look for setting up of another factory. It is contemplating various options including setting up the facility in Tamil Nadu itself, where it already has four manufacturing plants in a premise near Chennai. The other places includes Gujarat, Maharashtra (Pune) and even Odisha, since most of its labourers in Chennai are migrants from Odisha and nearby states and a facility in Odisha would ensure availability of workers, he said.