Mitsubishi Electric said it will invest approximately 2.2 billion Indian rupees to set up a new factory in India to make electrical inverters and other industrial factory automation control system products. The new facility two-floor, 15,400 square-meter factory to be built on 40,000 square meters of land near Pune, Maharashtra.
The new manufacturing facility to begin ops in December 2023 to address the product demand created by rapidly growing Indian market which is expanding at an annual rate of about 8% mainly in industries such as automobiles, food & beverage, pharmaceuticals, data centers, and textiles, with further market expansion expected in the future. The new facility to meet local demand, and contribute to the Make in India initiative promoted by the Indian government.
Mitsubishi said it has startrf Mitsubishi Electric's FA control systems business in India in the mid-1990s and acquired a local manufacturer of FA control systems in 2012. Company has expanded its service and support capabilities and started local manufacturing of products in 2013.
Mitsubishi also to achieve carbon neutrality at this location 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.