Gurugram, India – Mitsubishi Electric Corporation recently announced that it will invest INR 2.2 billion rupees (¥3.1 billion) in its subsidiary Mitsubishi Electric India Pvt Ltd to establish a new factory in India. The new factory, which is expected to start operations in December 2023, will manufacture inverters and other factory automation (FA) control system products, expanding the company’s capabilities to meet growing demand in India. The rapidly expanding Indian market is expanding at an annual rate of approximately 8 percent, primarily in industries such as automobiles, food and beverage, pharmaceuticals, data centers, and textiles, with further market expansion anticipated in the future.
The company’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 strengthened its local business structure by establishing a local engineering team, expanding service and support capabilities, and beginning local product manufacturing in 2013.
The new two-floor, 15,400 sq mt factory will be built on 40,000 sq mt of land near Pune, Maharashtra, and will help the company expand its production capabilities to meet local product demand while also contributing to the Indian government’s Make in India initiative.
Furthermore, the new factory will include a number of features aimed at achieving carbon neutrality by lowering carbon dioxide emissions through the use of highly efficient air conditioning systems and LED lighting equipment, as well as meeting sustainable development goals (SDGs) through wastewater reuse, underground filtration treatment, and greening.
Image Source: Mitsubishi Electric Corporation