The $3.5-billion US-based Pentair Group has identified India as its biggest emerging market globally. The company is keen to make its mark in the fast growing home water management and water purification segments in India.
Like several other leading companies in the sector, Pentair also sees a slew of opportunities from source-to-sink in the water management category in the country.
The company's wholly-owned Indian subsidiary Pentair Water India has decided to set up a pump manufacturing unit in the country and is finalising a location for the same. It already has a sizeable presence in India, having made its entry in 1998.
So far, it has been active in the industrial water treatment segment in the country and had been supplying membranes to almost all water purifying companies in India. The company has been providing water treatment solutions for a range of industrial, commercial and institutional applications.
The company's existing manufacturing facility at Goa is also being used to export water treatment systems to West Asia markets. Now, it has decided to set up a new pump manufacturing unit at an estimated investment of Rs 20 crore. But, as of now, the company has not decided on the location for the manufacturing facility.
The company is looking at Pune, Coimbatore and Gujarat for the plant.
Pentair is ramping up its presence in India when the water and wastewater management industry has emerged as one of the most recession proof segments poised for growth over the next several years. Companies like Pentair also stand to benefit with several state governments stepping up investments in projects related to water infrastructure.
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