Technocraft Industries (India) Limited (herein after referred as "Technocraft") had announced the opening of its scaffolding distribution operations in New Zealand. A new wholly owned subsidiary company called Technocraft (NZ) Ltd. has been incorporated in New Zealand and have appointed TANA Group (herein after referred as "TANA") based out of Auckland as the exclusive distributor of Scaffolding products in New Zealand. TANA is a well established scaffolding sales and service company in New Zealand and will now be exclusively carrying the full range of Technocraft's Tech Ring scaffolding system for sales in New Zealand. The company expect New Zealand to generate $10 M - $15 M sales in over the next 2 years.