Mitsubishi Electric to build new factory in India

<p style="text-align: center;"><img src="/ueditor/php/upload/image/20220704/1656909897125820.jpg" title="1656909897125820.jpg" alt="4.jpg"/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Mitsubishi Electric Corp will invest about 2.2 billion Indian rupees or 3.1 billion yen in its subsidiary Mitsubishi Electric India Pvt. Ltd. to build a new factory in India. The new factory, which is expected to start operations in December 2023, will manufacture inverters and other factory automation (FA) control system products, expanding the company&#39;s capabilities to meet growing demand in India. The fast-growing Indian market is expanding at an annual rate of about 8%, mainly in the automotive, food and beverage, pharmaceutical, data center and textile industries, and the market is expected to expand further in the future.</span></p><p><br/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">Mitsubishi Electric&#39;s FA control system business in India started in the mid-1990s, and since the acquisition of a local FA control system manufacturer in 2012, the company has continued to strengthen its local business structure by building a local engineering team, expanding its service and support capabilities, and Local production of products started in 2013.</span></p><p><br/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">The new two-story, 15,400-square-meter factory will be built on a 40,000-square-meter site near Pune, Maharashtra, and will help expand Mitsubishi Electric’s production capacity to meet local demand for products, And contributed to the &quot;Make in India&quot; initiative promoted by the Indian government.</span></p><p><br/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 14px;">In addition, the new plant will incorporate various features aimed at reducing CO2 emissions through the use of high-efficiency air-conditioning systems and LED lighting, achieving carbon neutrality, and achieving Sustainable Development Goals (SDGs) through underground filtration treatment and greenery for reuse of wastewater.</span></p><p><br/></p>