Wipro and Kawasaki set up a Joint Venture

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Wipro Infrastructure Engineering has signed a joint venture contract with Kawasaki Heavy Industries in India to set up a large manufacturing facility for the manufacture of hydraulic pumps for excavators. The joint venture will be called Wipro Kawasaki Precision Machinery Pvt. Ltd. and will entail an investment of Rs.500 million, with an initial capacity of 4,000 pumps which would be augmented to 15,000 pumps by 2015.

Pratik Kumar, President, Wipro Infrastructure Engineering, said, "Kawasaki is an established global leader in the hydraulics industry. We are excited with this partnership which will help us to jointly bring leading-edge technology products to our customers in this very promising growth market. With this partnership, we will be able to expand our product portfolio in the hydraulic segment. The localization will offer improved time to market advantage and enhanced customer service."

Makoto Sonoda, President, Kawasaki Precision Machinery Company, said, "We are very happy to partner with Wipro in this venture. India is a very important growth market for us - Wipro and Kawasaki will together bring its combined strengths to bring superior hydraulic products to our customers in this region."

The manufacturing facility will produce hydraulic pumps for excavators catering to a range of 7- ton to 20-ton excavators. The plant located at Bangalore will start operation in July 2012 and will indigenize the production of the hydraulic pumps to a large extent.

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