Altran to explore 'booming' markets in N-Energy
Altran, one of the largest innovation and high-tech engineering consulting firms in Europe, intends to explore the booming markets in nuclear energy, among others, for growth in India, a top official of the company said today.
The company's aerospace practice is growing rapidly in India and it registered a significant growth in Q2 as it continues to step up its hiring even as overall services sector in India continues to lag behind, Altran Group Chairman and CEO Philippe Salle told reporters here.
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The other markets are mechanical engineering (aerospace and automotive) and embedded and critical systems (aerospace, railways and automotive.
The company sees interesting opportunities in the energy sector in India in the wake of the ongoing deregulation and high energy demand on India, Salle said.
In the nuclear energy sector, Altran India is uniquely positioned to leverage its nuclear expertise and already has a robust practice in thermonuclear stress analysis based out in Delhi, he said. "With India planning long-term civil nuclear programmes, we see growth opportunities here," Salle said.
The contribution of Altran India to the revenue of Altran Global has been increasing significantly, he said. "Altran India recorded a 40% increase in revenue during the first quarter of 2012 when compared with the corresponding period last year," he added.
The company will soon increase its staff strength to 600 and move to a bigger location campus on outer ring road here, Salle said.
Altran also plans to take advantage of the Defense Offset clause and to partner with global origin equipment manufacturers in aerospace and defense sectors, Salle said.