Maharashtra Gets Major Manufacturing Investment

0
133
Advertisement
  • This was the first major manufacturing investment by a top global corporation, post-2019 general elections
  • The second phase will help the company increase its production capacity by three times by 2021
  • Harman will install four new world-class SMT production/assembly lines, scaling from existing two to six lines
  • Harman will also double its factory headcount to about 800 employees

Days after the Narendra Modi government was sworn in for a second term, Maharashtra became the first state to get a major manufacturing investment — ₹350 crore — for the second phase of Harman, a subsidiary of Samsung Electronics Co.

Representative image

The expansion of its automotive electronics manufacturing plant at Chakan, Pune, was on Monday inaugurated by chief minister Devendra Fadnavis in the presence of NITI Aayog CEO Amitabh Kant.

Fadvanis after inaugurating the second phase of the plant, said, that this was the first major manufacturing investment by a top global corporation, post-2019 general elections.

The plant will ensure substantial growth in production of digital cockpit units and telematics control units.

Advertisement

After the inauguration of the plant, Fadnavis said global investors are the brand ambassadors of the state as their experience helps in bringing in more investment, rather than the government approaching global players for investment.

Fadnavis said that Maharashtra has a total ecosystem developed for the industry, with the help of better law and order, availability of best human resources and industry-friendly initiatives, among others.

Major investment
Harman’s Chakan plant, established in 2014, is part of Harman’s global automotive manufacturing network. The second phase inaugurated on Monday will help the company increase its production capacity by three times by 2021. Kant said that India is set on a high trajectory of growth rate by undertaking a series of structural reforms across the sectors. 

Harman will also double its factory headcount to about 800 employees in the same time period.

Harman will install four new world-class SMT production/assembly lines, scaling from existing two to six lines, to meet the growing demands for innovative connected car solutions globally.

Advertisement

SHARE YOUR THOUGHTS & COMMENTS

Please enter your comment!
Please enter your name here

Are you human? *