Electric Corporation has announced that it will invest approximately Rs 220
crore or 3.1 billion yen, in its subsidiary Mitsubishi Electric India Pvt. Ltd.
to establish a new factory in India.
to start operations in December 2023, the new factory will manufacture
inverters and other factory automation (FA) control system products, expanding
the company’s capabilities to meet the growing demand in India. The rapidly
growing Indian market is expanding at an annual rate of about 8% mainly in
industries such as automobiles, food & beverage, pharmaceuticals, data
centers, and textiles, with further market expansion expected in the future.
Electric’s FA control systems business in India began in the mid-1990s, and
since acquiring a local manufacturer of FA control systems in 2012, the company
has continued to strengthen its local business structure by establishing a
local engineering team, expanding service and support capabilities, and in
2013, starting local manufacturing of products.
new two-floor, 15,400 square-meter factory will be built on 40,000 square
meters of land near Pune, Maharashtra, and will help expand Mitsubishi
Electric’s production capabilities to meet local demand for products, and also
contribute to the Make in India initiative promoted by the Indian government.
addition, the new factory will incorporate various features aiming to achieve
carbon neutrality by reducing carbon dioxide emissions through the use of
highly efficient air conditioning systems and LED lighting equipment and meet
sustainable development goals (SDGs) by reusing wastewater through underground
filtration treatment and greening.
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