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                                                           that we ever had in Excon. So its a very special year for us to
                                                           be here. And there’s a good reason for this because we have
                                                           planned to expand in India. We are convinced that India is an
                                                           impressive country. Every time I come here I am impressed by
                                                           seeing the energy, by seeing the rapid development that is taking
                                                           place. The willingness to proceed, to bring the country to the next
                                                           level, the innovation power that you are having, that’s really very
                                                           impressive. And that’s a reason why we think with all the need of
                                                           developing infrastructure, the investments in urban development,
                                                           logistics, waste treatment and so on. There is a lot of need for our
                                                           products and which that we can offer from Palfinger.
                                                           We want to support the development and the growth in India
                                                           with our products, with our expertise. And that’s why we made it
                                                           an essential part of our new strategy actually to grow in Asia, but
       with a higher price, but it also gives higher value.   especially also to grow in India. We are very pleased to make a
       We have done a lot of study and the decision to come to India as   statement with this presence here in Excon, but also development
       a greenfield facility for Palfinger has been a major step. This itself is   that we plan to do.
       a testament to the fact that we know what this country has to offer
       to us and we have demonstrated in own way what we have done   (SR): We already announced and am happy to repeat this once
       in this country from 2008, benchmarking our own performance,   again that we will invest into our own production location, which
       you can see around for the leaders. But having done that, it is now   also will be located in the area of Pune. We’re just about to close
       time for us to really take the next leap. We want to do something   the last steps of land acquisition and we’re happy to work hard with
       specific for customers who really want to adopt our technology in   the whole project team to complete factory, by the year 2027 and
       the easy way that is localization. And at the same time graduating   then we’re starting the second half of 2027 with local production.
       people, regular users of our machines to another level all together.   And of course at the same time we are expanding our sales and
                                                           service network. So one of the targets that we’re having here in
       Your feedback on Excon and India as an emerging market for   Excon is  to look for new partners which help us to expand our sales
       Palfinger                                           and service network across the whole country. We have a lot of
       (AS):  For us it’s very important to be here at the Excon trade show.   initiatives to strengthen our presence in India, to support India in
       Its not the first time, but I can add that this is the biggest presence   its growth ambition and we are very happy to do so.


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