<h1>Domestic firm acquires European valve maker under national manufacturing rules to boost water infrastructure and exports</h1> A domestic manufacturing company has acquired a European flow control equipment firm for approximately Rs 150 crore to reduce import reliance and enhance integrated water infrastructure solutions in India. The acquisition aims to localize advanced valve production aligned with national manufacturing initiatives. The company is evaluating a new manufacturing site in Odisha, pending land acquisition clearance, to expand ductile iron pipe capacity by 0.5 million tonnes. The combined production capacity currently stands at 0.85 million tonnes across existing plants. The acquisition is expected to generate an additional 40 million euros in annual revenue and facilitate expansion into global markets, including Europe, Southeast Asia, West Asia, and Latin America, targeting irrigation, hydropower, and desalination sectors. The company anticipates a temporary domestic market slowdown due to delayed government funding but expects recovery in the near term.