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Waldner mulls manufacturing facility in India

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Press Trust of India Hyderabad
: Germanys Waldner GmbH, a laboratory furniture and research equipment manufacturer, is scouting for Indian JV partners and studying the possibility of setting up manufacturing facility in India, a top company official said here Monday.
The company is fully geared up to exploit emerging investment opportunities in India, that is fast establishing itself as a global R&D hub, he said.
"Waldner has earmarked investments to form Joint Ventures and contribute our expertise to the R&D market growth," said Joerg Hoffmann, CEO of Waldner GmbH.
The company also plans to be a part of Make-In-India drive.
"We already have an OEM manufacturing arrangement in India.
We are also investigating into the possibility of setting up of local supply chain to cater to the growing Asia market through possible production and JVs and it is under discussions", Hoffmann told reporters here.
He further said Waldner envisions Hyderabad emerging as a key R&D hub in India and also announced opening of a new office space at Genome Valley here.
Waldner has a 100 per cent wholly owned subsidiary in India, based out of Mumbai.

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First Published: Feb 25 2019 | 5:50 PM IST

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