LAPP India, a wholly owned subsidiary of the LAPP Group in Germany started operations in India from the year 1996 with a manufacturing unit at Jigani near Bengaluru. The company targets a turnover of INR 1000 Cr by 2020.

July 6, 2017

The company, a leading provider of products and solutions in the cable and connection technology area for the machine tool industry, later in 2012, set up its second facility in Pilukhedi, Bhopal to strengthen its base in the single core wires segment. “The Indian market is pegged to be growing at 10 per cent per annum and this is estimated to be around INR 24000 crore in low voltage cables and wires. We are aiming to capitalize on this and contribute to Indian growth story,” said Marc Jarrault, Managing Director, LAPP India, in an interview with a leading news daily.

LAPP India considers immense potential in infrastructure, renewable energy, metro, ports, railways, metals and mining, automotive and automation power plants (nuclear and thermal), which contributes to growth of India market. “Some of these industries have higher growth rates in certain cities compared to others due to cost advantage from raw material and manpower. LAPP group has a presence in each of these industries,” added Marc.

LAPP India is targeting a turnover of INR 1000 cr by 2020. “We are looking to strengthen our customer base in our focus segments and increase our presence in retail from the current 5 cities to 20 in the next three years. We have a significant market share in the South and West. Going forward, we plan to gain foothold in the North. And to reach out to more customers, we intend to set up more warehouses and build service points to service them better,” Marc was quoted as saying.