Bombardier targets $ 1 billion revenue from India biz in 5 yrs

Buoyed by India's plans to expand rail and metro network, Bombardier Transportation has exuded confidence over tripling its Indian business revenue to USD 1 billion in the next five years and plans to open an engineering centre in the country. 

"Yes, we are very ambitious with that and we are working actively on it (achieving USD 1 billion revenue from India in next five years from the present level of USD 300 million)," Bombardier Transportation President Laurent Troger told PTI .

Describing Bombardier as a "major player" in India for metro projects, he said, "We are delivering very successfully for the metro in Delhi city. We are key player for the infrastructure... Our ambition is to continue to grow in India and in its cities."

"We want to design and manufacture the trains in India for India and so we are significantly increasing engineering capability in the country and plan to open engineering center in Hyderabad," Troger said.

Company chief country representative Harsh Dhingra said Bombardier is targeting the two areas in India railways and Metros rail projects and emphasised that huge opportunities lie in the segments with metro rail plans for all cities with a population of over two million.

Earlier, addressing the conference at InnoTrans 2016, Troger said, "We see InnoTrans as an opportunity to engage with our customers and better understand their needs.Today, countries and governments all across the globe are confronted with similar challenges: urbanisation, pollution, digitalisation and population growth, particularly in emerging markets."

"Rail is already playing a key role in solving these issues but it can do more. At Bombardier Transportation, building the future of mobility together with our customers is at the heart of everything we do," he said. Among other products, the company also showcased its 'MOVIA Maxx metro', which Troger said is designed to meet the unique needs of rapidly growing cities in terms of passenger capacity, acquisition cost and energy consumption.