Equipment manufacturer Metso Corporation is planning to set up engineering hubs in India and internationalise manufacturing facilities here to cater to global demand.The Finland-based firm, which is in India since the past 25 years, offers equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries.”We are growing at a high rate in India across the business verticles that we are present in. We began our operations in India through exports and now we have been invested in the country to set up manufacturing facilities to cater to the local as well as international demand,” company’s president and CEO Pekka Vauramo said.Metso has invested more than Rs 800 crore in India so far and in 2018 alone, it invested around Rs 560 crore to strengthen its operations in the country.He further said the company is expanding the capacities in India mainly encouraged by the kind of developments happening in the country in terms of taxation, augmentation of infrastructure and logistics, changing business rules, among others making it a favourable place to do business.Recently, the company acquired RMEBS valve business, a part of the privately owned Rotex Group and plans to develop it to meet the international demand, Vauramo said.”Our exports account for about 20 percent of Metso India sales, which has witnessed a rise of around 50 percent in the last 4 years. We export to around 60 countries. We now plan to internationalise the newly acquired valve facility as well as create engineering hubs in India to cater to the global demand,” he said.The company is also setting up a new 20,000 tonne capacity foundry in Vadodara and increasing the mineral equipment capacity of the Metso Park in Alwar, by 35 percent.In 2018, Metso in India received orders worth Rs 2,385 crore which is nearly 8.4 percent of total Metso orders bagged, as against Rs 1,333 crore orders won in 2017.