The project is expected to create approximately 3500 direct and indirect jobs in the region.
01 Aug 2024 | 5524 Views | By Autocar Pro News Desk
Sansera Engineering on 31 July 2024, signed a Rs 2,100 crore Memorandum of Understanding (MoU) with the Government of Karnataka, for the acquisition of 55 acres of industrial land in Harohalli, Ramanagra, Bengaluru, and is a part of Sansera’s long-term growth and expansion plans in the region for both automotive and ...
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Sansera Engineering on 31 July 2024, signed a Rs 2,100 crore Memorandum of Understanding (MoU) with the Government of Karnataka, for the acquisition of 55 acres of industrial land in Harohalli, Ramanagra, Bengaluru, and is a part of Sansera’s long-term growth and expansion plans in the region for both automotive and non-automotive sectors.
The company plans to invest around Rs 2100 crore over 3 to 5 years. This investment will be directed towards expanding their manufacturing capacity over a 55-acre plot in Harohalli, Ramanagara. The project is expected to create approximately 3500 direct and indirect jobs in the region. Sansera plans to establish a training centre, enhancing the skills of the local workforce.
S Sekhar Vasan, Chairman and Managing Director of Sansera stated, "This MoU marks a significant milestone in our company's growth trajectory. We are grateful for the support extended by the Government of Karnataka."
M. B. Patil, Hon’ble Minister for Large & Medium Industries and Infrastructure Development, Government of Karnataka stated, "We welcome Sansera’s investment in our state. This partnership aligns with our commitment to industrial growth, job creation, and overall economic development in Karnataka. The projected benefits in terms of employment, revenue, and technological advancement make this a win-win situation for all stakeholders. We will give full support for this partnership."
Sansera is an engineering-led integrated manufacturer of complex and critical precision-engineered components across automotive and non-automotive sectors. Within the automotive sector, it manufactures and supplies a wide range of precision forged and machined components and assemblies.