Linde Hopes to Diversify into India’s Medical Gas Market
The company has plans to spur growth through Acquisitions
By setting up large dedicated air separation plants, gases are supplied to steel makers. However, significant quantities of compressed gases are also sold to smaller industrial units and
hospitals in cylinders. Linde is currently working on tactics to break through into the healthcare units in smaller cities in the region. Newly appointed MD of Linde India, Moloy Banerjee said, “Healthcare is clearly a focus area for us. We expect the cylinder business to grow stronger, thanks to our focus. We are clearly looking at tier II cities in healthcare as growth of hospitals in the bigger cities has more or less saturated. He added, “This requires us to expand our cylinder manufacturing footprint and work on plans like setting up micro-plants and taking up medical gas management on behalf of hospital authorities.”
Other sectors such as solar energy, and their specialized electronic gases, have been explored but Linde has not been able to become the preferred supplier in the area. Menon said, “Our parent Linde AG has been focusing on some of the megatrends like renewable energy. But here in India, the solar energy industry hasn’t lived up to its initial promise as manufacturing dropping significantly. We had significant plans and were supporting some of the large investments, but they didn’t materialize. Once the investments revive, we would be there, but for now, it appears the Indian market is not going to come back in the near future.”
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