Shakti Pumps planning business expansion next year
12th Apr 2021

Shakti Pumps (India) is planning business expansion next year as the company eyes a bigger share in the Centre's PM-KUSUM scheme of solar water pumps. Under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), launched in February 2019, both Centre and states provide subsidy to farmers for installation of solar pumps. It is being implemented through tendering in phases. The company expects to supply more pumps under the scheme. The investment will be made on working capital and capacity expansion. The investment amount, however, will be decided next year.

Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.