US electrical product MNC Intermatic Inc announced its foray into India through its subsidiary Grasslin Gmbh, forming up a strategic alliance with home grown 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 (Advanced Metering Technology Ltd) headquartered in Noida; UP will distribute Grässlin’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 and distribution outlet for electrical products in India, one of the fastest-growing domestic electrical switch markets which is pegged over Rs 1000 crore. Both Grässlin and AMTL will work closely on various aspects pertaining to the exchange of ideas and sharing of technologies for energy-efficient electrical products across various geographies.
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