Elecon Engineering Company Limited (BSE:505700) is looking for acquisitions. Prayasvin Patel, CMD said, "The interesting part is that now that we have achieved more or less all our goals, our intention would be to develop certain products, which today, we are not there. Though we have one of the widest range of products in the gear industry, there are a few products which are missing, which I believe we should develop them.

That is one. The other one would be to look for opportunities abroad for further growing our businesses because we should not be a domestic player. We now need to be a global player, a global player who has presence in very many countries because that is the way to grow, and that is the way to hedge against a decession, which could be limited to a particular contract.

So the intention would be that you expand or grow in countries where you see high potential. I would say that Europe and the United States are areas where we need to look for other opportunities and grow our business. So look for acquisitions, look for strategic tie-ups and so forth because we would like to grow and grow at a reasonably good rate".