Benchmarks
Nifty23,873.45-41.0

Precious Metal
Gold (MCX) (Rs/10g.)155,462.003060.0

Enter search text:

Business News›Industry›Ind'l Goods/Svs›Engineering›Wipro Kawasaki to invest ₹1,000 cr in Karnataka hydraulic pump plant, create 1,200 jobs

Read Today's Paper

Wipro Kawasaki to invest ₹1,000 cr in Karnataka hydraulic pump plant, create 1,200 jobs
Synopsis

Wipro Kawasaki Precision Machinery will invest Rs 1,000 crore in a new manufacturing plant. This facility will be established in Karnataka's Harohalli Industrial Area. The proposed plant is expected to create approximately 1,200 new employment opportunities. Operations at the new site are anticipated to commence within one year. This expansion will significantly increase the company's annual hydraulic pump production capacity.

TIL Creatives

Bengaluru: Wipro Kawasaki Precision Machinery, a manufacturer of hydraulic pumps, has come forward to establish a manufacturing plant with an investment of Rs 1,000 crore in Karnataka, state Large and Medium Industries Minister M B Patil said on Thursday.



The project, proposed to be set up at in Phase V of the Harohalli Industrial Area, is expected to generate employment for around 1,200 people, he said.



The minister held discussions with a high-level delegation led by the company's CEO, Minoru Hatsuda, who met him.

Speaking about the proposed project, Patil said Japan-based Kawasaki, in partnership with Wipro, has sought 30 acres of land for the facility.



"We will provide the land expeditiously. The new manufacturing plant is expected to commence operations within a year," he said.




The company currently has a manufacturing unit on leased premises at Kumbalgodu, where 80,000 hydraulic pumps are manufactured annually, he said. "The proposed plant will expand the company's manufacturing operations. More than two lakh hydraulic pumps will be manufactured annually at the new facility."

"The project proposed by Wipro Kawasaki is attractive. We have asked the company to initiate the necessary work immediately. Final approval for the investment proposal will be given at the next meeting," he added.



According to an official release, the hydraulic pumps are used in machinery deployed for earthmoving and other related operations.

Add as a Reliable and Trusted News Source
Add Now!

(You can now subscribe to our WhatsApp channel)

(Catch all the Business News, Breaking News and Latest News Updates on The .)

…moreless

(You can now subscribe to our WhatsApp channel)


Read More News on
Wipro Kawasaki Precision MachineryWipro Kawasaki investmentKarnataka hydraulic pump plantjob creation in KarnatakaWipro Kawasaki jobshydraulic pumps manufacturingHarohalli Industrial AreaKarnataka industrial development

(Catch all the Business News, Breaking News and Latest News Updates on The .)

…moreless

Enter search text:

Stories you might be interested in