Feintool commits 1.69 lakh sq ft at LO-GOI Group's Chakan Industrial and Logistics Estate in Pune
Swiss automotive technology leader Feintool has committed to a significant space at the Chakan Industrial and Logistics Estate in Pune, marking its first manufacturing unit in India. This move signifies Feintool's dedication to serving its expanding customer base in the automotive and advanced industrial sectors.
TIL Creatives Representative Image Bengaluru: Swiss automotive technology leader Feintool has committed up to 169,000 sq ft of gross leasable area (GLA) at the LO-GOI Group–managed Chakan Industrial and Logistics Estate in Pune, becoming the first tenant for the La Caisse–LO-GOI partnership's flagship development in India. The facility, which will be delivered in two phases, will serve as Feintool's first manufacturing unit in the country and is expected to cater to its growing customer base in the automotive and advanced industrial sectors.
The Chakan Industrial and Logistics Estate, spread across 145 acres with a planned development potential of 3.6 million sq ft, is located in one of India's fastest-growing automotive and industrial hubs. The project, which has no association with ESR Group or LOGOS Property Group, is being developed and managed by the LO-GOI Group as part of its logistics venture in India with La Caisse (formerly CDPQ).Industry experts view Feintool's entry as a significant milestone for both the estate and the broader Indian automotive supply chain. Pune's Chakan region has long been a magnet for global and domestic manufacturers due to its proximity to major automakers, suppliers, and a robust distribution network. By committing to a large-scale manufacturing facility, Feintool signals its long-term commitment to tapping India's rapidly evolving automotive market, which is seeing surging demand in both traditional and electric vehicle segments.'Our team is committed to providing bespoke, market-leading facilities and services to our clients, and we are confident this partnership will enable Feintool to achieve its business goals and thrive in India's growing market,' said Trent Iliffe, Group CEO and Founder of the LO-GOI Group.
Echoing this sentiment, Mehul Shah, CEO of LO-GOI Group, India, added: 'The LO-GOI Group is focused on delivering Grade-A facilities across the country. We are pleased to be entrusted with delivering a world-class property for Feintool that will help them establish a strong foothold in India's auto components sector.'Feintool, known globally for its expertise in high-precision fineblanking, forming, and e-lamination stamping technologies, sees India as a key growth market. 'We are excited to establish our partnership with La Caisse and the LO-GOI Group in Chakan, Pune. This facility allows us to meet the evolving needs of our customers in India with our advanced technologies and positions us strongly in the automotive manufacturing value chain,' said Tobias Gries, Managing Director, Feintool India. For La Caisse and the LO-GOI Group, Feintool's tenancy marks the beginning of a larger play in India's industrial and logistics real estate space. The joint venture is targeting key logistics markets across the country, with a focus on developing and owning modern, high-quality industrial estates that cater to global manufacturers and Indian corporates alike.As global manufacturers increasingly diversify their supply chains and strengthen their presence in India, Pune's Chakan belt is emerging as a preferred destination. The entry of a precision technology player like Feintool underscores this trend and is expected to attract more global tenants to the La Caisse–LO-GOI venture in the coming months.
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