Pune: Phoenix Mecano AG (PM), the Swiss manufacturer of components for machinery and electronic industry, has set up a facility at Pirangut near Pune. The company is hoping to make Pune a hub for its global exports and is looking at sourcing IT from India for its group operations. It also has plans to expand its R&D and dealer network in the country.
“The facility in Pune, apart from catering to the domestic market and identifying areas for value addition (application engineering), will be a global hub for our world-wide requirements. It will also directly export to third-party customers in neighbouring countries that Europe will not be able to cater,” said Benedikt A Goldkamp, the 35-year old CEO of PM.
At present, of the Rs 6 crore turnover in India, 15 per cent comes from exports. According to him, the company is looking at sourcing IT expertise from India to integrate its operations (enterprise resource planning) in 35 countries worldwide. It may even set up a technical BPO in the country at a later stage, he said.
The Pune facility is set up with an investment of Rs 2.2 crore and has launched a new division called ‘electronic contract manufacturing division’, in addition to its two existing divisions — enclosures manufacturing and mechanical.
The electronic contract manufacturing division has already received its first contract from Quantum Designs, a software solution provider which is providing real-time tracking solutions to two leading banks in the country to manufacture global positioning system devices.
“We plan to manufacture 6,000 units valued at Rs 10 crore in the first year of operations,” said R. Shrivastava, managing director Phoenix Mecano (India) Ltd, which owns 4% in the company, while the rest is with PM.
The enclosures division makes protective gear for sensitive equipment to safeguard it against ultraviolet rays, corrosion, acids etc. One of its main clients are licensees of CorDect, the WLL system developed by Chennai-based Midas Communications, for whom it has developed a wall set enclosure. The only division of PM not active in India is electrotechnical components, as there is not much demand locally.