YORKSHIRE, UK - A Leeds-based transformer manufacturer Wilson Power Solutions has secured a funding package from HSBC bank in the UK and India to support its growth plans.

Over the years the company has invested in its manufacturing presence in India and is now looking to continue its growth on a global scale, reports Insider Media.

The bank's funding package will provide working capital allowing the business to scale up its workforce in India and purchase raw materials at short notice. As a result, it expects to grow its Indian operations by 50 percent in the next 12 months.

Simon Wilson, managing director at Wilson Power Solutions, said: "Manufacturing in the UK has been, and will continue to be, key to our company's growth and success. However, our continued investment in our manufacturing facility in India continues to reap rewards for our business, allowing us to capitalise on the booming local economy and win new contracts."

Source: Insider Media