ITT signs MoU with GreenSpaces

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ITT India , a 100 per cent subsidiary of ITT Corporation (NYSE:ITT), today signed a MoU with GreenSpaces to collaborate for providing its world-class fluid technology solutions for its IT/ITES SEZ planned near Delhi.

 

The SEZ is being promoted by Paharpur Business Centre & Software Technology Incubator Park. The tie-up with ITT is part of the plans to create GreenSpaces as the world's most energy efficient commercial building and Platinum rated LEED (Leadership in Energy and Environmental Design) Green Building under the United States Green Building Council (USGBC) rating system for Green Buildings.

 

"To create a truly green building of world standards, we plan to work with with the world leader in fluid technology as applied to water and wastewater treatment, sewage treatment and recycling of water. ITT's fluid handling solutions proven world over will significantly contribute to our plans to make GreenSpaces the world's most energy efficient commercial building and achieve the coveted status of a Platinum LEED certified building", said Mr. Kamal Meattle, Chief Executive Officer. GreenSpaces.

 

"The IT / ITES SEZ in Faridabad is the first of the GreenSpaces projects. A state-of-the-art, Biotech Park in Sahibabad, U.P. (on Delhi - U.P border) is also proposed to be established to suit MNCs for setting up laboratories. It is planned for opening along with Green Spaces in a SEZ in 2010", said Mr Meattle.

 

ITT Corporation, a USD Nine billion global multi-industry corporation, has businesses in Fluid Technology, Motion & Flow Control and Defense. The Fluid Technology Group with sales of over USD 3 billion is the largest pump company in the world and a leader in the water and wastewater market. The Fluid Transport brands are Goulds, Bell & Gosset, Lowara, Flygt, AC Pumps, Pumpsmart, etc whereas the Fluid Treatment brands are Sanitaire, Wedeco, Leopold, etc.

 

"ITT's Fluid Technology Group plans to achieve a leadership position in the USD 3 billion market for transport and treatment business in India. The tie-up with GreenSpaces will give us an opportunity to showcase some of our global solutions in India", said William Taylor, ITT's President for China and India.

 

"ITT's leading brands are very popular globally and in India. With the launch of our first-ever pump engineering, assembly and testing facility in India at Vadodara in May 2008, we are a position to grow aggressively in different customer segments including oil & gas, building services, municipal, thermal and nuclear power, pipeline, steel, paper, utility and aquaculture", said Sam Yamdagni, President and Managing Director, ITT India.

 

ITT's Vadodara facility will be making core products for two of the three divisions of the Fluid Technology Group and will be expanded as more product lines are bought into India and more divisions plan to invest in India. The facility will also expand with the growth of the Indian market.

 

Sourced From: i Matters