Mitsubishi Electric to infuse Rs 220 cr to develop factory in Pune
POWER & RENEWABLE ENERGY

Mitsubishi Electric to infuse Rs 220 cr to develop factory in Pune

Mitsubishi Electric Corporation told the media that it would invest about Rs 220 crore in its Indian subsidiary to develop a new factory near Pune in Maharashtra.

Its subsidiary Mitsubishi Electric India will produce inverters and other factory automation (FA) control system products.

The factory is anticipated to begin operations in December 2023 and would expand the company's capabilities to satisfy the growing demand in India.

The rapidly expanding Indian market is growing at an annual rate of about 8% specifically in industries such as pharmaceuticals, automobiles, food & beverage, data centres, and textiles, with further market growth expected in the future, it said.

The new two-floor, 15,400 square-metre factories will be constructed on 40,000 sq m of land around Pune.

It will help in expanding Mitsubishi Electric's production capabilities to fulfil local demand for products, and also contribute to the Make in India initiative encouraged by the Indian government, the company said.

In addition, the facility will include various features seeking to attain carbon neutrality by decreasing carbon dioxide emissions by using highly efficient air conditioning systems and LED lighting tools.

It will also satisfy sustainable development goals (SDGs) by reusing wastewater via underground filtration treatment and greening.

Mitsubishi Electric India is in the business of development, manufacture, sales, and after-sales service of FA control system products, sales, and after-sales services for air conditioners, and semiconductors; manufacture, electrical products sales, and after-sales service for railway vehicles.

Mitsubishi Electric Corporation, headquartered in Tokyo, is a world leader in electrical and electronic equipment utilised in information processing and communications, consumer electronics, industrial technology, transportation, space development and satellite communications, energy, and building equipment.

The company had registered a revenue of $ 36.7 billion in the FY ended March 2022.

Image Source

Also read: Maruti, Hero, Tata Motors among 75 firms to qualify for PLI scheme

Mitsubishi Electric Corporation told the media that it would invest about Rs 220 crore in its Indian subsidiary to develop a new factory near Pune in Maharashtra. Its subsidiary Mitsubishi Electric India will produce inverters and other factory automation (FA) control system products. The factory is anticipated to begin operations in December 2023 and would expand the company's capabilities to satisfy the growing demand in India. The rapidly expanding Indian market is growing at an annual rate of about 8% specifically in industries such as pharmaceuticals, automobiles, food & beverage, data centres, and textiles, with further market growth expected in the future, it said. The new two-floor, 15,400 square-metre factories will be constructed on 40,000 sq m of land around Pune. It will help in expanding Mitsubishi Electric's production capabilities to fulfil local demand for products, and also contribute to the Make in India initiative encouraged by the Indian government, the company said. In addition, the facility will include various features seeking to attain carbon neutrality by decreasing carbon dioxide emissions by using highly efficient air conditioning systems and LED lighting tools. It will also satisfy sustainable development goals (SDGs) by reusing wastewater via underground filtration treatment and greening. Mitsubishi Electric India is in the business of development, manufacture, sales, and after-sales service of FA control system products, sales, and after-sales services for air conditioners, and semiconductors; manufacture, electrical products sales, and after-sales service for railway vehicles. Mitsubishi Electric Corporation, headquartered in Tokyo, is a world leader in electrical and electronic equipment utilised in information processing and communications, consumer electronics, industrial technology, transportation, space development and satellite communications, energy, and building equipment. The company had registered a revenue of $ 36.7 billion in the FY ended March 2022. Image Source Also read: Maruti, Hero, Tata Motors among 75 firms to qualify for PLI scheme

Next Story
Infrastructure Transport

DBEC Hill JV Picked as Gurugram Metro General Consultant

Gurugram Metro Rail Limited (GMRL) has named the joint venture of Deutsche Bahn Engineering & Consultancy and Hill International as the preferred bidder for the general consultant role on the city’s new 28.8 km corridor, which will run from Millennium City Centre to Cyber City through 27 stations. The consultancy tender, issued in May 2024 with an estimated value of around Rs 1.35 billion, was extended to attract firms with proven metro expertise. A senior GMRL official confirmed the JV’s selection after negotiations in Panchkula, adding that the four year contract will b..

Next Story
Infrastructure Transport

BLW Exports 2 Diesel Locos to Mozambique

In a boost to India’s rail exports and domestic manufacturing, Banaras Locomotive Works (BLW) has successfully delivered two of ten planned 3 300 horsepower AC AC diesel-electric locomotives to Mozambique.The contract, awarded by Mozambique Railways (CFM) to public sector undertaking RITES, entails the manufacture and supply of ten Cape Gauge (1 067 mm) locomotives by December 2025. The first two units were shipped in June.“These state-of-the-art diesel locomotives, capable of 100 km/h, have been manufactured at BLW under the global contract awarded to RITES,” a senior railway ..

Next Story
Infrastructure Urban

Lucknow Declared State’s First Zero Dump City

Lucknow has become Uttar Pradesh’s first officially certified “Zero Dump City” after all three processing lines at the Shivri solid waste treatment plant achieved full operation. The facility now handles the city’s entire daily load of roughly 2 100 metric tonnes, and has already removed two thirds of the vast legacy mound that once blighted the site.Shivri began life in 2012 but stalled under two successive contractors, allowing a waste mountain to accumulate. A Chinese operator appointed in 2017 also failed to deliver, incurring penalties of about Rs 400 million.Renewed m..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?