Sansera signs MoU with Karnataka to set up manufacturing facility at Rs 2,100 Crore
Sansera Engineering Limited on Wednesday signed a Memorandum of Understanding (MoU) with the Karnataka government to expand Sansera's manufacturing capacity in Ramanagara with an investment of Rs 2,100 crore. The facility at Harohalli, Ramanagara is expected to drive growth in both the automotive and non-automotive sectors.
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«Under this MoU, Sansera Engineering plans to invest around Rs 2,100 crore over a period of three to five 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 3,500 direct and indirect jobs in the region,» a statement issued by the office of the Minister for Large and Medium Industries M B Patil said.
The new facility is expected to boost Sansera's manufacturing capacity by approximately Rs 3,000 crore, significantly contributing to India's export growth, the statement said.
«Sansera plans to establish a training centre to enhance the skills of the local workforce, fostering talent development and employment opportunities. Advanced technologies and best practices will be introduced through this plant, benefiting the local industrial ecosystem and promoting innovation,» it added.
Bengaluru-headquartered Sansera Engineering was founded in 1981 and is an engineering-led,
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