Mitsubishi Electric Corporation has announced that it will invest around Rs.220 crore in its Indian subsidiary Mitsubishi Electric India Pvt Ltd to establish a new factory at Pune in Maharashtra.
Expected to start operations in December 2023, the new factory will manufacture inverters and other factory automation (FA) control system products, expanding the company’s capabilities to meet the growing demand in India.
The new two-floor, 15,400-sqm factory will be built on 40,000 sqm of land near Pune, Maharashtra, and will help expand Mitsubishi Electric’s production capabilities to meet local demand for products, and also contribute to the “Make in India” initiative promoted by the Indian government.
Carbon neutrality
In addition, the new factory will incorporate various features aiming to achieve carbon neutrality by reducing carbon dioxide emissions through the use of highly efficient air conditioning systems and LED lighting equipment and meet sustainable development goals (SDGs) by reusing wastewater through underground filtration treatment and greening.
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Expanding market
The rapidly growing Indian market is expanding at an annual rate of about 8 per cent mainly in industries such as automobiles, food & beverage, pharmaceuticals, data centers, and textiles, with further market expansion expected in the future, a release from Mitsubishi Electric said.
Since mid-1990s
Mitsubishi Electric’s factory automation 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 continued to strengthen its local business structure by establishing a local engineering team, expanding service and support capabilities, and in 2013, starting local manufacturing of products.
Editor’s Note: The acquisition of a local manufacturer in 2012 by Mitsubishi Electric, referred to in this story, is of Pune-based Messung Group.
Featured photograph shows artist’s impression of the proposed factory of Mitsubishi Electric at Pune in Mahrashtra.
