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US-based Rockwell Automation expects consumer driven businesses and life sciences vertical to keep fuelling the company's growth in India, outperforming its customer base in the heavy industries segment.
The company, which is present in the country for the last thirty years, offers automation solutions across various sectors including automobile and energy sectors.
"We see that consumer facing industries have continued to march on, they haven't slowed down. They have outperformed heavy industries, especially the consumer packaging goods has done pretty well due to good monsoon," Rockwell Automation Asia Pacific President Tom O' Reilly told reporters here.
"So has the life sciences sector. We are bullish on these sectors to drive growth for us here in India," he added.
Traditionally, the $6.3 billion firm has been getting over 50% of its business globally from heavy industries, 30% from consumer products customers and rest from other verticals including pharmaceuticals and automobiles, Reilly said.
Automation is the use of machines, control systems and information technologies to optimise productivity in the production of goods and delivery of services.
The company, whose customers in India include FMCG major Nestle and auto maker Mahindra & Mahindra, is also eying the small and medium Enterprise (SMEs) for future growth.
"New products for SMEs, small industries, we are going to launch a lot of that in India," Rockwell automation India Regional Director Dilip Sawhney said.
When asked about the contribution of Asia Pacific region, which includes India, to the company's global revenues, Rockwell automation Senior Vice President Frank Kulaszewicz said: "Asia Pacific currently contributes around 20 per to the global revenues. We expect the share to grow further in the next 5-7 years on the back of China and India,".
He, however, did not share India revenues.
