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Swedish appliance maker Electrolux said it would source components worth Rs 1.35 billion (approx. U.S. $29.7 million) from India for its factories in Sweden, Italy, the U.S., and Australia.
Electrolux has already awarded contracts worth Rs 585 million to vendors like Bajaj Motors, NRB Bearings, Oswal Electricals, Abilities Pistons, Sunbeam, Goetze, Jhalani Impex, Highway Industries, and Kalyani Forge Ltd, Vice President Nick Sowden said in a statement.
"We are impressed by the quality and performance standards of Indian vendors and are confident that our sourcing from Indian suppliers will increase manifold," he said.
The company has identified India as the sourcing base for its Outdoor Division, which makes garden and forestry equipment such as chain saws, riders, and lawn mowers.
Electrolux had set up an International Purchasing Office in India in August last year to source raw materials, components, and finished goods for its global manufacturing operations. (PTI)
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