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Taiwan's CyberPower to invest Rs.50 cr in India

Posted: 26 Aug 2013     Print Version  Bookmark and Share

Keywords:CyberPower Systems  UPS  inverter 

Taiwan-based power back-up solutions provider CyberPower Systems is planning to invest Rs.50 crore over a period of time in India. The company, which recently forayed into the Indian market, aims to be among the top three players in two years time.

CyberPower expects to generate revenue of Rs.100 crore this year.

"We aim to generate revenue of Rs.100 crore this year. Our target is to generate 30 per cent of market share in UPS segment, 30 per cent in inverter segment and 40 per cent in accessories segment during the next couple of years," PTI quoted CyberPower Systems India Managing Director Arun Ghosh as saying.

CyberPower's products include UPS, inverters, power distribution units as well as mobile and car chargers. CyberPower System India, a wholly-owned subsidiary of CyberPower Systems of Taiwan, is headquartered in Mumbai with warehouses at Mumbai and Kolkata.

To a question on setting up a manufacturing facility in India, Ghosh said, "Policies of the government are not conducive for manufacturing at the moment; also supply chain is not conducive."

"Maybe, once the situation improves we will have to think about it, as we want to be among the top three in two years time," he added.

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