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Our Bureau

New Delhi , June 22

INDO Asian Fusegear Ltd has entered into a strategic alliance with Lovato Electric of Italy to market a wide range of industrial electrical products in India.

These include motor protection circuit breakers (MPCBs). Lovoto Electric is a Rs 400-crore company and a market leader in special industrial electrical products with a presence in over 80 countries.

"Industrial electrical products are a high-growth segment today. The current market for these products is estimated at over Rs 30 crore, which is expected to rise to Rs 60-65 crore in two years," said Mr V.P. Mahendru, Chairman and Managing Director, Indo Asian Fusegear.

He added that besides tapping this high-growth segment, the company was keen on leveraging its marketing network by extending the Indo Asian brand to the industrial range of MPCBs.

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