Chennai,Feb 10 (PTI) Socomec UPS India, 100 per centsubsidiary of France based UPS manufacturer Socomec, isholding talks on setting up a new facility for assembling itsUPS systems in India, a top company official said here today.
"The time has come for us to set up an assembly unit inIndia..right now we are holding discussions (on thismatter)", Socomec UPS India Managing Director Jerome Rodrigueztold reporters here.
Indian market was witnessing a "significant" growth thisyear and they were discussing whether to use their presentfacility at Gurgaon or to go in for a new facility forassembling the UPS.
According to him for setting up the assembly unit, thecompany may require to make investments of Rs 30 crore whichit had already made in the Gurgaon facility for manufacturingSwitchGears.
"Discussions are on whether we need to set up a separatefacility for assembling UPS or on whether we can utilise ourexisting facility at Gurgaon... There is enough space in ourGurgaon unit...", he said.
Currently, Socomec imports UPS systems from its facilitiesin France and Italy.
The company,which currently holds about 14 per cent marketshare in the UPS segment, aims to touch 18 per cent this yearend and planned to report a turnover of Rs 100 crore.
Rodriguez and senior officials were here to unveil thetwo new UPS systems -- Modulys Green Power and Masterys IP+catering to the Information Technology sector and to the smalland medium industries.