Igus India
Igus, the global leader in Motion Plastics, has announced an aggressive growth plan and strategy in the backdrop of 20 successful years of operations in India. As the 9th largest market globally and the 3rd largest market in the APAC region, Igus India has consistently been recording double-digit growth over the last many years (except the pandemic year) and in the current year is growing at 30% above the previous record year on average. Igus India hopes to double its revenues to INR 300 crores in the next 3-4 years. Among a host of plans to drive growth in the next phase, Igus India announced the introduction of a “virtual show booth” replete with its entire set of products which is available for customers to be viewed, tried and tested both virtually and physically.

The innovative virtual booth aims to give customers an immersive experience similar to a face-to-face expo with an option to interact with product experts. The first such innovative virtual trade show was set up at Igus’s global headquarters in Cologne, Germany. After the great success of the virtual expo spanning 400 sq.m in Germany, which hosted more than 100,000 visitors from across the globe, Igus India creates its own IMPS virtual show booth exclusively for its customers in the Indian Sub-continent.

Announcing the launch of the virtual product expo titled Igus Motion Plastic Show (IMPS), Deepak Paul, MD, Igus (India) said, “India is one of the key markets in the world for Igus, occupying one among the top 10 positions, globally. Having achieved impressive double-digit growth for the last 20 years in India, Igus India’s range of motion plastics with its motto ‘tech up; cost down’ has been widely accepted across all manufacturing industries. With businesses chugging back to normalcy and the buoyancy in the economy on its way to returning it to the heydays, the path ahead looks promising as manufacturers look for cost-effective ways to drive their businesses. To support them, Igus India has chalked out a multi-pronged strategy to drive growth and support businesses achieve their growth objectives, one of them being an immediate addition of 10,000 sq ft with the intention of starting injection moulding in India which has been a longstanding wish from the Indian customers.”

Santhosh Jacob, Country Manager and Director, Igus India said, “As a technology-focused organization, innovation has always been Igus’s cornerstone and prime focus. Igus India’s investment of nearly 2 million INR into The Igus Motion Plastic Show (IMPS) is yet another innovative offering to enable customers visiting the virtual stall to not only witness new products, product extensions and new service offerings but also interact with an Igus’s product experts who can share more insights, global experience and also directly discuss their relevant applications of interest virtually. Coupled with the possibility of online lifetime calculations and the option to order and pay online and get delivery starting from 24 hours, Igus truly would like to work towards being the easiest company to work with!”

Stephen Moreno Simpson, International Group Development, Igus GmbH added, “Igus products are manufactured in accordance with its guiding principle – plastics for longer life. Our products are designed with passion to extend the service life of machines and applications, eliminate maintenance and reduce costs. Our investment in the virtual trade show comes at a time when buoyancy to the manufacturing segment is returning and augurs well with the plans that we have envisioned for India.”
MMRC to build Rs 8,739-cr Wadala- CSMT metro line 11
The Mumbai Metro Rail Corporation (MMRC) has been tasked with the construction of Metro Line 11 between Wadala and Chhatrapati Shivaji Maharaj Terminus (CSMT) at an investment of Rs 8,739 crore. An order to this effect has been issued by the Urban Development

Read more ...

NHAI expedites Rs 32,000-cr Gorakhpur-Siliguri e-way project
National Highways Authority of India has fast tracked the 520 km long four-lane Gorakhpur-Siliguri Expressway. Starting from UP, the expressway will go to West Bengal after crisscrossing nine districts of Bihar. It will pass through three districts of

Read more ...

MMRDA starts work on Rs 8,416-cr Bridge on Kasheli Creek
MMRDA has started construction work on the final segment of the bridge on the Kasheli Creek, which is a part of the Thane-Bhiwandi-Kalyan line, at an investment of Rs 8,416 crore. The height of the bridge is 15 metres above water levels and comprises

Read more ...

Govt prioritizes 18 road projects under Gati Shakti
In the fiscal year 2023-24, the government in line with Prime Minister Gati Shakti-National Master Plan, has prioritized and fast-tracked as many as 18 critical road infrastructure projects to be completed in the next two years. The Centre is eyeing 67 critical

Read more ...

HAML finalizes alignment for Rs 6,250-cr metro airport line
In order to start construction work on the airport metro line, Managing Director, HAML, N.V.S. Reddy, has finalized alignment by inspecting the entire 10 km stretch for the airport metro line involving an investment of Rs 6,250 crore. He also examined options

Read more ...

CMRL fast tracks Rs 61,843-cr Phase-II metro corridor
Chennai Metro Rail has fast tracked the ground work to start construction of the Phase 2 part of the project with the local agencies acquiring 82% of the required land for the mega metro project worth Rs 61,843 crore. CMRL is keen to commission the Poonamallee

Read more ...

Raheja Group in JV to build 3-acre project in Mumbai
Real estate builder K Raheja’s development arm K Raheja Corp Homes has entered into an agreement to develop a 1-million-sq-ft luxury housing project over an area of over 3- acre prime land parcel at Mahalaxmi locality in South Mumbai. The project will be

Read more ...

BMRCL to extend Green Line Metro to BIEC
Mass transport connectivity on Nelamangala and Mysuru roads is set to get a big boost with the BMRCL's decision to extend the stretch between Manjunath Nagar to Madavara (BIEC). Once work on this line is completed, the green line metro network will be expanded

Read more ...

Plans afoot to build new Mumbai-Goa Expressway
The road connectivity between Mumbai and Goa is likely to get a further boost as an 'express' upgrade with the state government in Maharashtra announcing a new access-controlled high-speed expressway between Mumbai and Goa, similar to the Mumbai-Pune expressway

Read more ...

NHAI invites bids for Rs 844.23-cr RR road in Kanpur
NHAI has invited bids for the development of a six-lane greenfield Ring Road (Package-III) around Kanpur in Uttar Pradesh on an engineering, procurement and construction model. The project in question commands scope of work of the construction of a six-lane

Read more ...

Nitin Gadkari inaugurates bauma CONEXPO 2023
Union Road, Transport and Highways Minister Shri Nitin Gadkari on Tuesday inaugurated baumaCONEXPO 2023 at India Expo Mart, Greater Noida highlighting the importance of construction equipment industry for the growth of the

Read more ...

NHAI starts tunneling work on 464-km NH in Chhattisgarh
The National Highway Authority of India has begun building a 2.79 km tunnel in Kondagaon, Chhattisgarh, under the Bharatmala Project. The tunnel, the largest in Chhattisgarh, will connect Raipur to Visakhapatnam and reduce travel time from 13 hours

Read more ...

DLF to launch 1,100 residential units in Gurgaon
Real estate giant DLF is starting construction on a luxury housing project in Gurugram with an estimated revenue potential of Rs 7,500 crore. The company plans to develop 1,100 apartments in the residential project located in Sector 63. The demand for real

Read more ...

BRO plans new bridge across Indus connecting east Ladakh
The Border Road Organization is building a new concrete bridge at Loma across the Indus River to facilitate the movement of heavy military equipment to eastern Ladakh. The road from Chushul to the Loma Bridge is currently unpaved and outdated, but with

Read more ...

CICEE 2023 Spring Symposium held in Beijing
The Organizing Committee of the Changsha International Construction Equipment Exhibition (CICEE) held a Spring Symposium in Beijing. Representatives and experts from various national business associations, such as the China Construction Industry Association

Read more ...

King Willem-Alexander Opens New ELEO Battery Facility
His Majesty King Willem-Alexander of the Netherlands officially opened ELEO's new battery facility with a ceremonial unveiling using an electric excavator. The event, which took place at the Automotive Campus in Helmond, Netherlands, was attended

Read more ...

Kohler celebrates 150 years of bold moves, creativity & impact
Kohler Co., a company founded in 1873, is known for its innovative products for kitchen and bath spaces, energy-efficient solutions, luxury hospitality experiences, and championship golf. The company's teams of creative designers are the driving force

Read more ...

BRO to build 135-km Chushul –Demchok highway along LAC
The Border Roads Organisation (BRO) has recently invited bids for the construction of the 135 km long Chushul-Dungti-Fukche-Demchok highway, also known as the CDFD road along the Line of Actual Control (LAC) starting from Chushul to Demchok matching to

Read more ...

NHAI floats tender for ₹952-cr Ambala RR project
The National Highways Authority of India (NHAI) has floated a tender for the construction of a 22.5-km long stretch, which is a part of the Phase-II of the Ambala ring road project aimed at decongesting the traffic scenario in and around Ambala city

Read more ...

Railway unveils elevated inter-city semi-high-speed trains
Indian Railways is planning to construct intercity elevated semi-high-speed tracks for passenger trains on popular routes such as Delhi-Jaipur, Mumbai-Pune, Bangalore-Chennai, and Delhi-Amritsar via Chandigarh. The project, which is expected to cost

Read more ...

×
Sign-up for Free Subscription
'India Construction Week'
Weekly e-Newsletter on Construction Industry
Get the latest news, product launches, projects announced / awarded, government policies, investments, and expert views.
Click here to subscribe.
×