US electrical product MNC Intermatic has forayed into Indian market through its subsidiary Grasslin, forming up a strategic alliance with home grown Advance Metering Technology (AMTL) to bring its range of products and provide light and temperature control solutions.
The partnership coincides with the government's initiatives to develop 100 smart cities at an estimated $1.5 billion further following a string of initiatives undertaken by the government like UDAY with a total outlay of Rs 1.4 lakh crore and AMRUT mission for economic growth and welfare.
As part of the partnership, AMTL headquartered in Noida; UP will distribute Grasslin's range of electrical switch products such as time switches, light and temperature control solutions across India. The partnership creates integrated operations that are both a promotion & distribution outlet for electrical products in India, one of the fastest-growing domestic electrical switch markets which is pegged over Rs 1000 crore.
