3 Months agoLinde India Limited, part of the German Linde Group, has been operating in India for over 80 years since its establishment in 1935. Linde India Limited supplies more than 20,000 gases and mixtures which cater to the needs of a wide variety of industries. It also provides a range of sector-related services including the construction and installation of plants, equipment, pipelines and associated engineering services.
OVERVIEW OF THE COMPANY
Linde India Limited, part of the German Linde Group, has been operating in India for over 80 years since its establishment in 1935. It was formerly known as Brin’s Oxygen Company India Limited (BOC India Limited), with its business in the gases and engineering sector. Currently, it runs more than 20 production facilities and filling stations across the country while also owning the nation’s largest air separation plant along with a large engineering centre in Baroda. Linde India Limited supplies more than 20,000 gases and mixtures which cater to the needs of a wide variety of industries. It also provides a range of sector-related services including the construction and installation of plants, equipment, pipelines and associated engineering services.1
The Linde Group has invested actively in India over the last 5 to 7 years, amounting to USD 300.6 million. In 2015, it signed an approximately USD 75 million investment deal in Andhra Pradesh for freezing seafood.2
SIGNIFICANCE OF MAKE IN INDIA
Mr Sanjiv Lamba, the Chairman of Linde India, has stated that he “would like to see India as a manufacturing hub, utilising the highest end technology, providing globally competitive products, using and leveraging the talent base it has to get its leading position in the world.” The company openly shares its vision with the government‘s Make in India initiative that aims to develop India into a global manufacturing hub by the year 2025.
India’s young and talented workforce, as well as the abundance of natural resources available within the country, gives it a distinct advantage in manufacturing over its competitors. The Government has undertaken various initiatives besides Make in India such as Skill India, Smart Cities Mission and Digital India that will help make the shared vision into a reality. Also the government has taken a slew of measures to improve India’s ranking in “Ease of Doing Business” and radically liberalized FDI policy in key sectors.
VISION FOR FUTURE
The Linde Group has invested heavily in India and is seeking opportunities for investments in four states – Maharashtra, Karnataka, Rajasthan and Gujarat– with the vision of creating the capacity which could support the double-digit growth of the Linde Gases business. The company hopes to see significant progress in the engineering division as new projects happen in the country.3 Linde India is also looking to introducing a slew of high-end novel technologies for the first time into India market.4
India’s national and demographic advantage coupled with its business friendly measures undertaken by government will help to make India as one of the most lucrative destinations to invest.