Comments
Industrial automation and energy-efficient solution provider Fuji Electric India inaugurated a 65,000 sqft factory in Chennai on Wednesday with an investment outlay of ₹150 crore.
The company, which is a part of Japan's Fuji Electric, is a leading supplier of drives and automation products in both the domestic and export markets.
Fuji Electric India said the new factory is expected to produce 3,500 drives per month in a single shift, and the plan is to make 2 lakh printed circuit boards (PCBs) annually.
Yosuke Ishizaka, MD, Fuji Electric India, said, the investment in the new manufacturing plant in India will propel the vision of becoming a ₹1,500 crore turnover company by the end of 2024.
He added that the new plant will initially recruit over 250 employees.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.