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Industrial Nanotech, Inc, a leader in nanotechnology based energy saving and sustainable solutions has announced that it’s opening a corporate sales office in India within the next month.
The company has seen significantly increased demand in India for its Nansulate energy saving and protective coatings from OEM manufacturers as well as end manufacturing users to reduce energy costs.
The company plans to establish an office in Southern India, near Bangalore, with expansion to Northern India and Western India in the near future.
"India has become an increasingly important country as their manufacturing sectors and economy as a whole continue to have a healthy growth rate,” said Francesca Crolley, VP of Business Development. "We began a strategy this year focused on boosting our marketing and brand presence in India as an energy saving solution and it has returned significant results. These include multiple inquiries from manufacturers that want to use Nansulate coatings for insulation of their equipment for energy savings and surface temperature reduction, as well as a meeting with a leading OEM manufacturer of process cooling systems with 14 locations throughout India, and an international client base, that is interested in incorporating our technology into the process cooling systems they manufacture and sell. We have seen our marketing, which was focused on commercial and industrial, bring in sales and inquiries from multiple markets and at such a response level that it was obvious to us that setting up an Industrial Nanotech, Inc. office in India, staffed by a sales and technical support team which we hire and train, was the logical next step. The availability of a well educated workforce with an excellent work ethic presents a tremendous opportunity for the Company and will allow us to both accommodate factory visit requests from around the country with our own technical teams, as we do in the US, and the ability to more rapidly service and grow this vital market.”
India’s economic growth is expected to remain robust in 2012 and 2013, despite likely headwind of double-dip recessions in Europe and the US, according to a United Nations’ annual economic report – World Economic Situation and Prospects 2012. The Indian economy is expected to grow between 7.7 % and 7.95 this year, as per the report. India is the second most preferred destination for foreign investors, according to the report ‘Doing Business in India’ by Ernst & Young. The report explores India’s key sectors, investment climate, funding scenario, laws and regulations, to aid companies that are doing, or plan to do business in India.