Germany's SEA Group enters India

The Group enters India with Rs 14-cr investment

of Germany, the world's fifth largest living space solution provider, has entered into India with an initial investment of Rs 14 crore, which could go up to Rs 40 crore in two years.

Aiming to take up projects in association with large builders, mainly through the franchisee route, SEA will offer "creative, durable and high quality home interior solutions to end consumers and corporate clients", the company said. While SEA Group has long experiences in German and other European markets, it has now teamed up with leading manufacturers in Europe like bauformat Küchen to bring high quality services to India and then to Southeast Asia.

The group expects to achieve a turnover of Rs 180 crore by 2016.

With the introduction of the SEA Future Labs, it is also offering a platform to integrate German and Indian designers to develop with their customers new ideas and introduce new market trends, the company added.

image
Business Standard
177 22
Business Standard

Germany's SEA Group enters India

The Group enters India with Rs 14-cr investment

BS Reporter  |  Mumbai 



of Germany, the world's fifth largest living space solution provider, has entered into India with an initial investment of Rs 14 crore, which could go up to Rs 40 crore in two years.

Aiming to take up projects in association with large builders, mainly through the franchisee route, SEA will offer "creative, durable and high quality home interior solutions to end consumers and corporate clients", the company said. While SEA Group has long experiences in German and other European markets, it has now teamed up with leading manufacturers in Europe like bauformat Küchen to bring high quality services to India and then to Southeast Asia.



The group expects to achieve a turnover of Rs 180 crore by 2016.

With the introduction of the SEA Future Labs, it is also offering a platform to integrate German and Indian designers to develop with their customers new ideas and introduce new market trends, the company added.

RECOMMENDED FOR YOU

Germany's SEA Group enters India

The Group enters India with Rs 14-cr investment

The Group enters India with Rs 14-cr investment of Germany, the world's fifth largest living space solution provider, has entered into India with an initial investment of Rs 14 crore, which could go up to Rs 40 crore in two years.

Aiming to take up projects in association with large builders, mainly through the franchisee route, SEA will offer "creative, durable and high quality home interior solutions to end consumers and corporate clients", the company said. While SEA Group has long experiences in German and other European markets, it has now teamed up with leading manufacturers in Europe like bauformat Küchen to bring high quality services to India and then to Southeast Asia.

The group expects to achieve a turnover of Rs 180 crore by 2016.

With the introduction of the SEA Future Labs, it is also offering a platform to integrate German and Indian designers to develop with their customers new ideas and introduce new market trends, the company added.
image
Business Standard
177 22
Widgets Magazine

More News

  • Reliance Jio RJio extends preview offer to Gionee, Karbon, Lava users
  • Chairman of Piramal Healthcare Ltd. Ajay Piramal gestures as he speaks during a news conference in Mumbai Ajay Piramal, Venu Srinivasan join Tata Sons' board
Widgets Magazine
Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard