Fuji Electric India’s recent performance
With the recent acquisition of Consul Neowatt Power Solutions Pvt Ltd, Fuji Electric has a strong presence across India with almost 1,000 employees, four manufacturing plants and a pan-India sales network operating out of 25 offices with ability to provide support services in over 80 locations through 400 factory trained service engineers. We have identified India as one of the key markets as part of Fuji Electric’s global growth plan and will expand our power electronics systems business in India, targeting mainly the manufacturing industries, core heavy industries, buildings, infrastructure and data centre market. The targeted markets in India for Fuji Electric products represent a market opportunity in excess of Rs 10,000 crore.
We recently announced our India 2.0 plan to expand our business operations in India. The Fuji Electric India 2.0 plan envisages the revenues from the India market to reach Rs 1,500 crore by the year 2023-24. It will also involve integration of the Fuji Electric business in India including Consul Neowatt, Fuji Electric India and Fuji Gemco to ensure all Fuji Electric customers in India have the same and consistent pre-sales and post-sales experience. We will also look to expand our local manufacturing capabilities for faster introduction of products in the market with establishment and localisation of the entire process of production and supply in India—from product development to material procurement, manufacturing, and quality assurance—of AC Drives, UPSs and other components.
We have been able to utilise our local R&D capabilities to develop products that are priced competitively and designed to perform in demanding site and power conditions. We are also working to address emerging applications coming up like energy storage, EV charging, MW scale solar power plants, smart city with cutting edge products, solutions and services with an overriding focus on energy efficiency and environment conscious technology.
About Fuji Electric in India
Fuji Electric started direct operations in India in 2009 as a sales company, in 2015 it opened a low-voltage AC Drives factory in 2015 in Bhiwandi near Mumbai. That same year, Fuji Electric also established an engineering company (Fuji Gemco Private Limited) as a joint venture with a local company. In 2019, Fuji Electric acquired UPS company Consul Neowatt Power Solutions. Fuji Electric in India today has four modern manufacturing facilities located in Chennai, Pune, Faridabad and Bhiwandi that are IS0 9001: 2015, ISO 14001:2015 and ISO 45001: 2018 certified facilities. The company today offers customers a wide range of products including Three Phase UPS, Single Phase UPS, Active Harmonic Filters, Solar Inverters, Servo Stabilisers, AC Low Voltage Drives, AC Medium Voltage Drives, Servo Systems, HMI, Motion Control, Factory and Process Automation, Instrumentation and Power Semiconductors to customers in India, Middle East and Africa.