BEML wants to source cheaper components from China...
India's state-run earthmoving equipment manufacturer, Bharat Earth Movers Ltd (BEML) has opened an overseas office in Shanghai, China, for sourcing and marketing purposes. The office was inaugurated by BEML chairman and managing director, V R S Natarajan, the presence of the Consul General of India in China.
BEML, a Rs 30 billion company, is well known for its heavy earthmoving equipment for the mining and construction sector, railways, and defense forces. ‘By opening its China office, BEML would be sourcing critical components and machinery parts required for the manufacturing of its mining and constructions equipments, as also for the manufacture of wagons and rail coaches,’ said a company press release.
With the setting up of its new office in China, BEML hopes to promote its high-end mining equipment in the Chinese market, and also benefit from lower costs for sourcing components for its manufacturing operations in India. Also, BEML will look at exploring opportunities in countries like Uzbekistan, Kazakhstan and Ukraine, through its office in Shanghai.
