Thyssenkrupp bets on India for industrial solutions

German conglomerate Thyssenkrupp’s industrial solutions business will make India a supplier to its international markets, eyeing the country as a “major pillar” of its global strategy that is currently chasing a turnaround, its chief executive said.

It has also become “relatively” easier to do business in India, said Marcel Fasswald, CEO of Thyssenkrupp Industrial Solutions, who has spent many years building and managing steel plants in the country in his previous stint as the chief executive of the SMS Group in India, a family-owned metals business headquartered in Germany.