India: ZF group is looking to double exports from India

As part of it Update India strategic plan, ZF Group at Rs 38 billion plans to double component supplies India up to Rs 2 billion under the China Plus strategy to ensure reliable supplies. In addition to increasing exports, expanding the Indian market will help ZF quadruple its local revenue to £ 3 billion by the end of the decade, making it one of the fastest growing markets for ZF, Holger. KleinArticle Art board of directorsand the ruler of India and Asia-Pacific region area, ZF, reported ET.

Klein said India had a lot of wind, “well deserved” after the crisis for several years. “Everyone is back, energy is at its height, people are trying to catch up on what they’ve missed over the last few years, and it’s also well visible in business,” Klein said.

“India will become the most dynamic economy in the world – in terms of GDP growth – and ZF has every opportunity to participate in this growth.”

With a presence in the country for nearly six decades, ZF’s presence has been “very fragmented,” Klein said, so India was singled out as an independent region a few years ago for local leadership to make quick decisions, and the results were pretty visible under the “One ZF approach” .