Chennai, April 3 -- Fans and motors manufacturer EBM-Papst on Thursday
held the groundbreaking for its new facility in Chennai coming up with an
investment of Rs 340 crore.
This is its third facility in India and the company plans to employ about 700 people.
The new facility will become operational by the end of next year (2026), Company
Managing Director Atul Tripathi told reporters here.
The company is strengthening its commitment in India and investing in the expansion
of its local production capacities. Due to its dynamic growth, India plays an important
role in ebm-papst's strategy for the Asia-Pacific, Middle East and Africa (APAC and
MEA) region.
As part of the planned production expansion, it has acquired a 57,600 sqm (14....