On Monday 4th July, colleagues from Scott Bader India attended a Memorandum of Understanding (MoU) Exchange Ceremony at the Tamil Nadu Investment Conclave, in the presence of the honourable Chief Minister of Tamil Nadu Mr. M.K. Stalin.
Mr Bhuvan Lalka, Scott Bader India Senior Manager for Procurement and Operations, and Mrs Latha Ekambaram, Scott Bader Commercial Director for South East Asia and India, attended the ceremony with Latha joining Mrs Pooja Kulkarni, MD & CEO of the Tamil Nadu Guidance Bureau on stage to exchange the signed MoU.
Scott Bader anticipates investing more than £20m (200 crores INR) over the next 5 years into India and it expects to generate over 150 skilled manufacturing jobs in India with annual revenues of at least £30m (300 crores INR). It is committed to bringing industry leading composite and adhesive technology to its Indian customers for wind energy, electric vehicle battery technologies and light weighting in transport such as rail and infrastructure projects.
The event was attended by several dignitaries including the Industries Minister of Tamil Nadu, the Deputy Council Generals from the UK, United States and Australia, as well as Paul Dryden the UK Deputy High Commissioner.
60 Memorandum of Understanding (MoU) were exchanged during the ceremony between Tamil Nadu government and companies from across the world that pledged a total investment of £12.5 billion (Rs 1.25 lakh crore). The MoUs signed will generate jobs for around 75,000 people.
Scott Bader Pvt Ltd (India) established
On Tuesday 5th July 2022, Scott Bader announced that Scott Bader Pvt Ltd (India) has acquired the commercial business of Satyen Polymers Pvt Ltd.
The expanded partnership will see Scott Bader Pvt Ltd (SBPL) assume responsibilities for direct sales and marketing for all resin and gelcoat products, whilst Satyen Polymers Pvt Ltd (SPPL) will manufacture for Scott Bader Pvt Ltd. In addition, SBPL will expand its product range using Scott Bader technology to bring industry leading composite and adhesive products to the Indian market.
Read more here.