Business Standard: With the launch of new pumps for industrial applications, Coimbatore based CRI Pumps Pvt. Ltd. is eying market share of 10 per cent in industrial pumps segment in the next three years. The Indian market for industrial pump is estimated at Rs 7,000 crore, with a compounded annual growth rate seen of around 18-20 per cent over next five years. The market for pumps for a variety of Industrial applications is estimated at Rs 4000 crore. CRI had acquired the pumps business of UK based Pumps & Process Systems Ltd in October 2012 and these pumps are based on the technology from the newly acquired business.
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CRI eyes industrial pumps market