Nidec Establishes Sales Subsidiary in India
Nidec Corp. announced that it has established its first India-based sales subsidiary, Nidec India Private Limited, in Gurgaon, a city adjacent to India’s capital, New Delhi.
India ranks only behind China as the world’s second most populous country with 1.2 billion people and the second-fastest growing economy among the BRIC nations. An increasing demand for consumer goods, ranging from household appliances and automobiles to communications devices, is fostering the growth of India’s domestic businesses and attracting a major influx of Japanese and other foreign-capital companies. The new sales subsidiary aims to build solid business relationships with these prospective companies by quickly meeting their increasing needs for component products and services.