US-based engineering firm forays in India
New Delhi, Oct 25: US-based provider of consulting, engineering and environmental services, Nelson today announced their foray into the Indian market with the setting up of a wholly-owned susidiary here.
''India's economy growing at 8-9 per cent and the construction sector accounting for 50 per cent of the capital outlay, the forces are aligning for Nelson to have significant impact on the Indian market place,'' Nelson India global strategy and innovation Director Amit Ramani told reporters here.
With an initial investment of over Rs 2.5 crore, the company also plans to enter in partnership with some Indian companies to reach the local market and expects to employ 100 people by the end of 2007.
''Combining the wealth of Indian talent with Nelson's world class experience, processes and infrastructure is an incredible business proposition,'' said Nelson India Regional Director Anand DK.
Initially focusing on design services and interior design projects, Nelson India will operate through its office in the national capital. It will open more offices in Bangalore, Mumbai and Hyderabad.
The company's global service network currently includes almost 500 teammates in 35 locations with several international offices through various partnerships and business arrangements.
It has grown from annual revenues of 10 milion dollars to more than 50 million dollars, with a 500 per cent growth since 2002. Its clients list includes corporate houses like Bank of America, America online, Wachovia, Sprint, Merrill Lynch, AIG, Aetna, Wells Fargo, E Trade, Pepsico and Citi group.