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Sansera inks Rs 21 billion investment MoU with Karnataka government
Industry News- Aug 02,24
The project is expected to create approximately 3,500 direct and indirect jobs in the region.
Sansera Engineering Limited has signed a Memorandum of Understanding (MoU) with the Karnataka government to expand its manufacturing capacity in Ramanagara with an investment of Rs 21 billion. The new facility, located in Harohalli, Ramanagara, aims to boost growth in both the automotive and non-automotive sectors.
Under this MoU, Sansera plans to invest around Rs 21 billion over three to five years to expand its manufacturing capacity on a 55-acre plot in Harohalli, Ramanagara. The project is expected to create approximately 3,500 direct and indirect jobs in the region.
The new facility is expected to increase Sansera's manufacturing capacity by approximately Rs 30 billion, significantly contributing to India's export growth. Additionally, Sansera plans to establish a training center to enhance the skills of the local workforce, fostering talent development and employment opportunities. The plant will introduce advanced technologies and best practices, benefiting the local industrial ecosystem and promoting innovation.
Bengaluru-headquartered Sansera Engineering, founded in 1981, is an engineering-led, integrated manufacturer specialising in complex and critical precision-engineered components for both automotive and non-automotive sectors. Within the automotive sector, Sansera manufactures and supplies a wide range of precision-forged and machined components and assemblies, including connecting rods, rocker arms, crankshafts, and gear shifter forks, crucial for engine, transmission, suspension, braking, chassis, and other systems in 2-wheelers, passenger vehicles, and commercial vehicles.
In the non-automotive sector, Sansera supplies a variety of precision components for aerospace, off-road, agriculture, and other segments, including engineering and capital goods.
(Source: MSN)
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