Belgium's Vermeiren Group to invest Rs 50 cr in Sri City

The facility will make rehabilitation equipment like wheel chairs, walker aids and patient beds

Vermeiren India Rehab Private Ltd, a wholly-owned subsidiary of the Belgium-based Vermeiren Group NV, today held the ground-breaking for its facility at Sri City SEZ in Andhra Pradesh.

The facility, coming up on a nine acre plot, will attract an investment of Rs 50 crore in Phase I.

The plant is expected to be ready by the end of this year and will employ a workforce of 200, the company said.

The facility will manufacture rehabilitation equipment like wheelchairs, walker aids, patient beds, said Patrick Vermeiren, chief executive officer of Vermeiren Group.

Vermeiren said the company chose Sri City as it offers good infrastructure and is well-connected to the international airport and seaport, making it ideal for the company's exports.
 

It expects the facility to help achieve a drop in lead times (waiting period) for its customers in India, West Asia, Europe and the Greater Asia-Pacific region.

Vermeiren established its production plant in Belgium in 1957, and subsequently set up facilities in Poland and China.