“Metal Sector has enormous potential in the Indian market” Francesco Esposito, CEO, Danieli India

With two factories, one in Chennai in the south, and the other in Kolkata, in the east, in addition to the commercial offices in Pune, Mumbai and Delhi and more than 1,000 employees, Danieli India is a leading supplier of equipment and plants to the steel and aluminium industry. On a realistic note, Esposito also looks at the hurdles that emerge in the implementation of development projects.  The current growth of Danieli is between 10 to 15% of the annual revenue, which is forecasted to be around 120 million euros by June 30, before the closure of the 2016-2017 budget. Francesco Esposito, CEO of Danieli India in his talk says he is both optimistic and careful about his India plans.

Question: Danieli is growing in Aluminium Sector with the takeover of FATA, one of the established players in the machinery for Aluminium. What are your further plans?

Mr Esposito:  Yes, the takeover of Fata is a strategic move from our end and this will be our future development in the sector of aluminium, together with Danieli Breda for extrusion presses. Metal Sector has enormous potential in the Indian market. Danieli India is so far the largest foreign investment in the equipment sector for steel manufacturing companies.