Scott Bader to invest INR200 crore in India
Representatives from Scott Bader India attended a Memorandum of Understanding (MoU) Exchange Ceremony at the Tamil Nadu Investment Conclave recently, in the presence of the Chief Minister of Tamil Nadu Mr. M.K. Stalin.
Mr Bhuvan Lalka, Scott Bader India Senior Manager for Procurement and Operations, and Mrs Latha Ekambaram, Scott Bader Commercial Director for Southeast Asia and India, attended the ceremony with Latha joining Mrs Pooja Kulkarni, MD & CEO of the Tamil Nadu Guidance Bureau on stage to exchange the signed MoU.
Scott Bader anticipates investing more than £20m (200 crores INR) over the next 5 years into India and it expects to generate over 150 skilled manufacturing jobs in India with annual revenues of at least £30m (300 crores INR). It is committed to bringing industry leading composite and adhesive technology to its Indian customers for wind energy, electric vehicle battery technologies and light weighting in transport such as rail and infrastructure projects.
The event was attended by several dignitaries including the Industries Minister of Tamil Nadu, the Deputy Council Generals from the UK, United States and Australia, as well as Paul Dryden the UK Deputy High Commissioner.
60 Memorandum of Understanding (MoU) were exchanged during the ceremony between Tamil Nadu government and companies from across the world that pledged a total investment of £12.5 billion (Rs 1.25 lakh crore). The MoUs signed will generate jobs for around 75,000 people.
Scott Bader Pvt Ltd (India) established
Scott Bader Pvt Ltd (India) is the Scott Bader Group’s newest site, announced in July 2022. Scott Bader Pvt Ltd will expand its product range using Scott Bader technology to bring industry leading composite and adhesive products to the Indian market. The newly established company demonstrates Scott Bader’s commitment to the Indian market and their highly valued Indian customers.