Giuseppe Vasta, Khatod, ET RealEstate

June 23, 2023

NEW DELHI: Giuseppe Vasta, president, Khatod said that they have invested millions on automation of processes which eventually has helped them in reducing the products’ cost drastically.

In conversation with Ankit Sharma of ETRealty, Vasta talked about this growth plan for India and the competition they face from Chinese products.

What’s your take on lighting industry of India?

India is a very important market for us for two major reasons: one because its a very dynamic market and second its a big country hence the scope of growth is high. We started in India 10 years back and currently we have 10 people working here.

How do you plan to compete with Chinese manufacturers?

In the past there was a big difference in the prices of Chinese products and Italian products. But three years ago we opened a new factory which is 99 percent automatic. Five years ago the price difference was about 50 per cent but with this factory now the price difference is just 5-6 per cent.

We invested millions in automation, installed 78 machines, which helped in creating high quality products at lower costs.

How much you plan to invest in India?

Normally we spend 0.5 million euro specifically for Indian market which we hope to increase further next year. We are also looking to tie-up with an Indian partner by next year and open a new factory completely catering to the Indian market.

  • Published On Dec 12, 2019 at 10:00 AM IST

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