Ecotech signs deal with United Phosphorous subsidiary
Melbourne: Victorian government owned company Ecotech has signed a joint venture agreement with Uniphos Envirotronic to monitor air quality in India.
Uniphos is part of United Phosphorous Group of companies, which is the largest gas detection instruments manufacturer in India.
Minister for Innovation, Services and Small Business Louise Asher announced the new partnership as part of the initiatives undertaken during the Victorian Coalition Government's Super Trade Mission to India.
The Mission hosted 180 representatives from 140 organisations to key centres, including Delhi, Bangalore, Hyderabad, Chennai, Pune, Mumbai, Kolkata, Ahmedabad and Gandhinagar.
"This new joint venture is a prime example of Victorian and Indian companies working together to tackle environmental problems in both countries and at the same time strongly supporting local industries," Asher said in an official statement today.
"Under this joint venture, Ecotech anticipates increasing its annual exports to India to over USD 2 million by 2015. This partnership goes beyond outsourcing of the manufacturing process, as it will include the export of Victorian innovation and expertise in clean technology to the Indian market," he said.
"All of this demonstrates the depth of relationships that can be achieved through the Victorian Coalition Government's International Engagement Strategy. Since the Coalition came to office in November 2010, it has embarked on 45 trade missions to India, China, the Middle East, Turkey, Japan, Korea, South East Asia and the Americas," Asher said.
Ecotech took part in four Victorian Coalition Government trade missions over the past two years, leading to over USD 1 million worth of exports, he said.
The company has also won the Governor of Victoria's Export award for innovation excellence in 2011, he added.
Ecotech currently covers about 25 percent of the Indian market, and is expected to cover 75 percent under this joint venture.
Ecotech Managing Director Nicholas Dal Sasso and Uniphos Envirotronic Chairman R C Naik welcomed the new clean-tech partnership between Victoria and India.
"This is a true joint venture between two companies offering complementary strengths to tackle an emerging market," Dal Sasso said.
"This partnership will provide the Indian industry access to high-quality ambient air monitoring technology at a much more competitive price than has ever been available," Naik said.
Uniphos Envirotronic - which is a subsidiary of United Phosphorus Ltd, a USD 2.5 billion company - is India's largest manufacturer of gas detection equipment and the only manufacturer of chemical detector tubes.
It will manufacture Ecotech air quality monitoring instruments for growing local markets in India. Some of the equipment, which measures the level of pollutants in the air, will also be supplied from Melbourne, the statement said.
Victorian Coalition Government Super Trade Missions have helped connect Ecotech to a number of Indian conglomerates, such as ITC, Tata Power and Jindal Steel, as well as to a number of State Government Pollution Control authorities, it said.
The connection between Ecotech and Uniphos Envirotronic was established during a trade mission to India in April 2011, it added.