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Sansera Engineering has announced plans to expand its manufacturing capabilities by acquiring a 55-acre plot of industrial land in Harohali, Bengaluru, Karnataka. The company has signed a memorandum of understanding (MoU) with the Karnataka Government to secure this prime location for its new facility, as disclosed in an Indian bourse filing on Wednesday.
The acquisition marks a significant step in Sansera’s strategy to enhance its production capacity. The new facility is set to increase the company’s manufacturing capacity by approximately 30 billion Indian rupees. This expansion aligns with Sansera Engineering’s broader vision of scaling up its operations to meet growing market demands and strengthen its position in the industry.
The investment for the new facility is projected at about 21 billion rupees, which Sansera plans to allocate over three to five years. This substantial investment underscores the company’s commitment to growth and its confidence in the potential of the new facility to drive future success.
The new site in Harohali is strategically located to leverage Bengaluru’s robust industrial ecosystem and access to skilled labor. Sansera Engineering’s decision to invest in this location reflects its long-term growth strategy and the importance of Karnataka as a key region for industrial development in India.
This development comes at a time when the manufacturing sector in India is experiencing significant growth, driven by increased demand and supportive government policies. Sansera Engineering’s expansion is expected to contribute positively to the local economy, create job opportunities, and enhance the company’s operational efficiency.
As Sansera Engineering moves forward with this ambitious project, the industry will be closely watching to see how the new facility impacts the company’s market position and overall performance.