Wipro dreams big from aviation, defence business
Pratik Kumar, the head of Wipro"s infrastructure engineering division said, “We want to more than treble our cylinder manufacturing capacity and flesh out a more focussed strategy for addressing the lucrative defence offset market." The engineering division contributes to only a meagre 10% of the group's business. They also plan to establish manufacturing hubs in Brazil and China for their hydraulics business.
Wipro also holds the honour of supplying materials to the world"s biggest maker of construction equipments Caterpillar. In order to further advance their supply, have decided to set up a manufacturing unit in Brazil. They had set up a large unit in Wujin hitech industrial zone in Changzou, China last year. Kumar added, “We are exploring both Greenfield and acquisition route to expand in Brazil, it"s an opportunity we cannot afford to get late in addressing, The economy is growing 7-8 %, and with the Olympics ahead, prospects are looking bright."
Wipro
is
going
full-steam
in
its
diversification
efforts
and
have
received
adequate
approvals
to
set
up
a
defence
manufacturing
unit
at
Devanahalli,
Bangalore.
These
attempts
might
help
Wipro
counter
the
many
market
fluctuations
with
ease.
A
Mumbai-based
analyst
said
on
the
move,
“Wipro"s
biggest
strength
is
its
soaps
to
software
positioning,
but
our
concern
is
that
it
should
not
spread
too
thin.
Also,
sectors
like
defence
bring
other
regulatory
risks
and
long
sales
cycles."
OneIndia News