Watertec India Pvt Ltd, a manufacturer of bath fittings and accessories, is considering an investment of Rs 60-70 crore to set up new facilities in Gujarat, Odisha and Tamil Nadu. The new facilities will help the company achieve its Rs 1400 crore revenue target by the end of FY24.
Bantwal Ramesh Baliga, CEO, Watertec, said that the company is planning to invest in the development of three more plants in the year 2021-2022 in Gujarat, Odisha and Coimbatore (Tamil Nadu). It also has plans to invest in its 24 showrooms that will focus on educating the customers about the company’s product offerings rather than just product promotion.
The current Covid and post Covid scenarios pose a new challenge to the bathroom and the plumbing industry. The new normal stresses on healthy, hygienic, touch-free and self-cleaning, AI controlled, IoT connected products.
The company is planning to launch touchless cisterns by Oli, touchless toilets and seat covers by ARCA Japan, sensor faucets by Conti+, touchless soap dispenser by VRH among others. These are designed to promote optimal health, hygiene and provide an ultimate bathroom experience along with the ease of usage, flawless performance and elegant designs.