This acquisition, Waaree believes, will help them improve their manufacturing capabilities. With this, they overseas buy, they also plan to become cost-competitive.
“We look forward to engaging with Bonetti, an established company in the manufacture of critical valves and level gauge market. This The association between Waaree Group and Bonetti also places us in a good position on a global level and as serious competitors in the valves and level gauge business,” said Hitesh Doshi, Chairman and Managing Director, Waaree Group.
The 108-year-old Cesare Bonetti has a manufuring plant in Karambele in Maharashtra. It also recently doubled its manufacturing capabilities, with a facility at Garbagnate and Suzhou in China. It also has joint ventures in Germany and Turkey.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%