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NIFCO South India to invest Rs 288 crore in Karnataka, will set up plant in Chikkaballapur
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Nippon Industrial Fastener Corporation (NIFCO) Korea’s group company NIFCO South India Manufacturing, for setting up the company's new automotive plastic components manufacturing plant in the state at an investment of Rs 288 crore.
The company plans to set up a factory in Gauribidanur to manufacture automotive plastic parts in Chikkaballapur district. It is expecting to hire about 400 employees, 65% of which will be women.
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