Coimbatore-based Salzer Electronics plans to add a âgood meterâ manufacturing facility in the town.
The manufacturing unit may have backward integration with Salzerâs current factories that manufacture electrical elements for good meters, {the electrical} options supplier stated in a press launch. The plant may have an annual capability of 4 million good power meters that might be elevated to 10 million in the second part.
âAt 4 million meters, we count on the revenues to be round â¹1,200 crore and generate employment to 1,000 individuals,â Joint Managing Director Rajesh Doraiswamy was quoted as saying in the discharge. âTo begin with we’re specializing in India, because the demand in India is 250 million meters. Exports are additionally potential,â Mr. Doraiswamy added.
The first batch of good meters is anticipated to roll out in the primary quarter of the subsequent fiscal from the brand new facility, Salzer stated.
