Voltas Material Handling (VMH), a joint venture company of India's Voltas Limited and Germany's KION Group has set up a new plant in Pune at Chandannagar near Lohegaon. The new facility, a state-of the-art 90000 sq ft plant was inaugurated at the hands of Dr Daniel Signorini , VMH Director and Senior advisor to KION Group, and Milind Shahane, VMH Director and EVP with Voltas . The new plant will initially manufacture Diesel and Electric Forklift trucks. Dr Daniel Signorini said that India has a huge potential and VMH has ambitious plans to become No 1 in next 2-3 years. The growth will come through increase in production capacities and enlargement of product portfolio. VMH especially sees a large potential in the logistics sector which is still fairly unorganized but will change very soon in India. VMH therefore see a large potential for its warehouse equipment, of which KION Group has a full bouquet. Initially some of this equipment is imported from Europe, but will be increasingly localized in India. VMH will continue to invest in India to cater to the large demand. Milind Shahane said that last year the entity produced 1700 units of forklifts from its Thane plant . The new plant in Pune will have the same production capacities by the end of this year, effectively doubling the capacities of VMH. Sanjay Johri, Managing Director of Voltas said that KION Group has unrivalled know-how and technological leadership in the forklift truck business, thus the partnership will help VMH further consolidate its leading position in India.