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In a bid to match Swiss quality and precision standards for job-works and intermediate services for other industries, Rajasthan-based RS India has invested Rs 300 crore in the manufacturing unit.
The processes at the unit will be machining, sheet metal, surface treatment, painting powder and lacquer, heat treatment and assembling.
RS India is a project established under the Indian company, Rajendra and Ursula Joshi Skill Development Pvt Ltd, which has a joint venture with the Swiss company SRM Technologies AG.
Speaking about the investment Herbert Rosenast, GM Engineering Units at RS India said, "As per the recent market trends, the manufacturing sector also has been facing a tremendous challenge with the rise in demand for precision parts and the existence of medium quality parts suppliers within the country. These precision parts are imperative for the growth and development of the economy through the expansion of its prime sectors such as automotive, the electronics industry and many more, which mostly look at importing or sourcing them from international suppliers."
To address the challenges of the manufacturing sector with reference to the demand for precision parts in line with international standards, RS India has invested Rs 300 crore in building, machinery and to train their employees to improve their capabilities based on a Swiss and German apprenticeship system in Rajasthan.
"For the first time in India the company will be setting up a Swiss Quality and Precision Technology Unit," he said.
Dr Rajendra Joshi, Founder and Chairperson of RUJ Group said, "The company's main motive is to provide Indian industries and customers the best quality machined and assembled components based on 'Swiss Precision and Assembling Techniques and Quality' in India itself."
RS India will manufacture and export its products to industries abroad, thereby, creating a strong demand for quality precision products from India with less dependency on import of these products from international markets.
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