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.