Oxford Instruments Widen Operations In India
12 December 2012
Oxford Instruments, leading suppliers of high technology tools and systems for research and industry, has opened a new subsidiary in Mumbai, India. Demonstrating a strong focus on the Indian market and commitment to growing its business in India, Oxford Instruments now has full-fledged business operations through the subsidiary, Oxford Instruments India Private Limited.
The 100% subsidiary of Oxford Instruments Plc (based in UK) will cater to its key market segments of, industry, research and academia. The Indian subsidiary expects a robust business with the core industries growing at 10%.
Oxford Instruments India Private Limited has also become the only company in India to set up a demonstration lab for industrial analysis. The lab offers the opportunity to analyse samples, demonstrate systems and introduce new technologies. This lab houses a range of analysers that span applications from metals analysis, to low sulphur in petroleum, to gold coating analysis. Oxford Instruments offers a full range of tools for nanotechnology, microanalysis systems, plasma etch and deposition tools and low temperature or high vacuum environments.
Visiting from the UK, David Scott, Group Director for Emerging Markets said, “The future success of Oxford Instruments in India will be an integral part of the future growth of Oxford Instruments. The Board and Executive team fully support our drive for growth India, and are confident it will be a success”.
Anurag Tandon, Managing Director, Oxford Instruments India Private Limited, said “The opening of our new office demonstrates Oxford Instruments absolute commitment to growing a long term sustainable business in India. We had revenue growth of 25% in the last financial year and with the new infrastructure in place, our expectation levels are high. I am looking forward to an exciting future for Oxford Instruments India.”
Oxford Instruments has been present in India for about 6 years with a small team of sales and support. The new subsidiary will provide a stronger and wider bandwidth for the company’s operations in India.