RSP expands into Chennai to tap into India’s growing robotics market
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Robot System Products (RSP), a spinoff from ABB (ST:ABB) Ltd, is making strategic moves to capitalize on the burgeoning Indian robotics market, with the establishment of its subsidiary Scandinavian Robot Systems India Private Limited in Chennai. This expansion is aimed at tapping into a market that was valued at $13.23 billion in 2022 and is expected to double by 2025, reflecting a robust industry growth rate of over 14% annually, particularly in automation sectors like automotive and packaging.
The company plans to enhance local production capabilities starting next year, although it is currently importing industrial robot accessories from Sweden. The move is seen as a response to the competitive manufacturing environment in India and a step towards increasing the country’s robotic workforce density, which lags behind global leaders like China.
Eddie Eriksson, representing RSP, highlighted the installation of over 5500 robots in 2022 as a clear indicator of India’s dedication to becoming a leading force in automation globally. Arvind Vasu underscored the company’s efforts to contribute significantly to the productivity and efficiency of India’s Automotive Electric Vehicle (EV) programs, which are part of the wider “Make in India” initiative.
An IDC and UiPath (NYSE:PATH) study further supports this trend, predicting that most Indian companies will ramp up their Robotic Process Automation (RPA) efforts by 2025. RSP’s expansion into Chennai represents not only an investment in the future of Indian manufacturing but also a strategic positioning to be at the forefront of automation technology in one of the world’s fastest-growing markets.
