Elgi Equipments plans US assembly lines and distributor acquisitions

Elgi Equipments plans to acquire overseas air compressor distributors and set up assembly lines in the US, having set aside ₹5,000 crore for the purpose. The company aims to become the number two global air compressor maker by 2027.

“The company has set aside ₹5,000 crore for the purpose.”thehindu.com

• 1 source
• thehindu.comElgi eyes M&As for market share - The HinduJun 7, 2017

Summarized from public sources; check the original articles before acting on it.