Swedish
load handling solutions company
HIAB is consolidating its presence
in India with the launch of its
operations Thursday.
The 60-year-old company which has
been supplying cranes for the Indian
defence market for the last 20 years,
will now focus on the "growing
commercial market in India",
Anders Hansson, Regional Sales Director
Overseas Markets, HIAB Cranes, said.
India will soon be the "largest
market for HIAB in Asia", next
to China, Hansson said, adding if
the company found Indian manufacturers
competitive, "we are ready
to look for a partner to make our
components for our factories in
Europe."
With increasing population in India,
there is a huge demand for investments
in infrastructure like roads, airports
and buildings which in turn will
require transportation and handling
of loads, he said.