Socomec India, a renowned global player in Low Voltage (LV) power management, has introduced its ambitious expansion plans. The company, headquartered in Chennai and hailing from France, is embarking on a strategic journey into the markets of Sri Lanka and Bangladesh, effective immediately. Termed as ‘Greater India,’ this strategic move consolidates the three countries into a unified business entity, marking a significant milestone for Socomec India and heralding new opportunities for business growth.
Meenu Singhal, Managing Director of Socomec India, emphasised the company’s unwavering commitment to meeting the evolving energy needs of the Asian market with innovative power solutions. Engineered in Europe and proudly manufactured in India, the company’s products are poised to make a substantial impact in the markets of Sri Lanka and Bangladesh, reaffirming the commitment to support the Atmanirbhar Bharat initiative. The move also solidifies the dedication to the ‘Make in India’ initiative, with India serving as a pivotal hub for the company’s strategic growth in the Asia Pacific region.
With a recent €5 million investment by the Socomec Group in the Indian market to enhance manufacturing capacity, the goal is not only to meet local demands but also to cater to the Sri Lankan and Bangladeshi markets through exports. The company is energising these countries through its innovative power solutions, including uninterrupted power supply, power switching, and monitoring solutions tailored for various sectors such as data centres, manufacturing, healthcare, infrastructure, commercial buildings, and renewable energy.
To drive this ambitious growth plan forward, the company proudly announces the appointment of Suhard Amit as the General Manager, tasked with leading the company’s initiatives in Sri Lanka and Bangladesh. Amit brings over 25 years of experience in diversified market segments, positioning him as a key driver of the company’s strategic endeavours in these dynamic markets.
As the company embarks on this journey of expansion, it remains dedicated to delivering excellence and innovation in power management. The commitment to sustainable solutions and superior quality will not only benefit businesses in Sri Lanka and Bangladesh but also contribute to the overall development of these regions. This move aligns with the broader South Asian Association for Regional Cooperation (SAARC) initiative, promoting economic cooperation and regional integration and positioning the company as a catalyst for cross-border trade and cooperation within the SAARC nations.
