Global infrastructure company Egis Group plans to invest 50 million euros (around Rs 450 crore) to expand its business in India, a company official said.
The company has been in the domestic market for around 25 years and has already invested 75 million euros (around Rs 650 crore) in India over the past two decades, Sandeep Gulati, regional CEO and managing director (MD ) of Egis India. on the sidelines of a press conference here.
” We are an engineering consulting company. We provide advice for most infrastructure projects around the world. We also plan to make new investments of over 50 million euros in India, bringing the total investments to 125 million, ” he said.
The investment will also be used to expand its recently opened International Design Center (IDC) in Gurugram, Gulati said, adding that the company is considering Bengaluru as an option for the project. The center works for global projects.
Speaking on Indian affairs, the managing director said the company has more than 120 active projects in India and more than 65 projects have been won in the past year.
These include metro projects like Surat metro, water projects, urban projects like development of airports and highways, ports and various rural water supply projects, in particular in northeast India.
Laurent Germain, CEO of the Egis group, also present at the event, declared: âEgis in India today achieves a turnover of 45 million euros and is the 3rd entity outside France in terms of turnover. ‘business. We aim to achieve a turnover of 75 million euros in India by 2027, registering a growth rate of 13% CAGR (compound annual growth rate). ” Gulati added that the Egis group is present in more than 70 countries and employs 17,000 people. In India, around 3,000 people work for the company.
The company would hire 500 more people in the next few years, he said.
(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)