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Mitsubishi Electric to invest in Sanand

Auto News - Published on Thu, 10 May 2018

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Economic Times reported that it is raining investments from Japan in Sanand Industrial Estate. In yet another big-ticket investment from the land of the rising sun in Gujarat, Mitsubishi Electric is set to make an investment of INR 500 crore in Sanand Industrial Estate to set up their manufacturing facility. The company has recently submitted its application for land allotment to the Gujarat Industrial Development Corporation, well-placed sources confirmed.

A senior GIDC official on condition of anonymity said that “The company has submitted its application with the GIDC. They have asked for a land plot of 15 acres. We are identifying the right location that would be suitable to the company, as it is a huge piece of land and accordingly, the allotment of plots will be done. The process will be completed soon.”

Mitsubishi Electric plans to manufacture electronic components for automobile manufacturers. The company will be supplying electronic components to automobile companies who have set up manufacturing facilities in Sanand. It is looking to generate direct employment for 1,000 people, when completely operational, some five years down the line. In the initial phase too, they are looking at employing 500 people, when the first phase of operations will begin within a year or two.

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Posted By : Nanda Koijam on Thu, 10 May 2018
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