YKK India to Establish New Manufacturing Facility in Chennai
Mahindra Industrial Park Chennai Limited (MIPCL), a joint venture between Mahindra World City Developers Limited and Sumitomo Corporation of Japan, has announced that YKK India Private Limited will establish a new manufacturing facility at Origins by Mahindra, Chennai.
The facility, which will be the third manufacturing plant in the country, will be spread across approximately 149,936 square meters and will have a total investment of $150 million within the integrated industrial cluster.
The facility is expected to be completed by February 2028 and will support growing domestic demand and export-oriented manufacturing markets.
Vikram Goel, Chief Business Officer – Industrial, Mahindra Lifespace Developers Limited, said, “The addition of another globally respected manufacturer to our ecosystem reflects the growing confidence of international companies in India’s manufacturing capabilities and long-term growth potential.”
Key Facts
- YKK India to invest $150 million in new manufacturing facility
- Facility to be spread across 149,936 square meters
- Expected to be completed by February 2028
Impact
The new manufacturing facility will support growing domestic demand and export-oriented manufacturing markets, and will be a significant addition to India’s manufacturing capabilities.
What You Should Know
The new facility will be the third manufacturing plant in the country for YKK India Private Limited, and will be a major boost to the company’s operations in India.
Source: www.thehindu.com