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Nidec launches Rs 600cr manufacturing plant in Dharwad
Nidec launches Rs 600cr manufacturing plant in Dharwad

Time of India

time7 days ago

  • Business
  • Time of India

Nidec launches Rs 600cr manufacturing plant in Dharwad

Dharwad: Nidec, a global leader in data centre equipment manufacturing, has set up a new plant with an investment of Rs 600 crore at the Beluru Industrial Area in Dharwad. The facility was officially launched by minister for large and medium industries, MB Patil. Speaking at the event, Patil said the new plant, which creates 800 direct jobs, will cater to the growing demand across sectors such as electric vehicles, data centres, renewable energy, battery storage, and general industries. "This unit will bolster local manufacturing, enhance R&D capabilities, and improve supply chain reliability," he said. The plant will manufacture heavy-duty machines of 2MW, 3MW, and 4MW capacity, essential for data centres, using advanced technology from Japan and France. These machines will be exported to markets in the US, the UAE, and Europe, alongside serving the domestic market. "While the facility has initially generated 800 direct jobs, the number is expected to rise to around 3,000 once the plant becomes fully operational," Patil informed. He also mentioned that 20 acres of land has been allocated for the company's battery solutions unit. In addition to heavy machinery, the plant will also produce power backup generators, wind generators, alternators for data centre, EV motors for three wheelers, four wheelers, trucks, elevator motors, and electronic drives-MV and LV. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Beyond Text Generation: An AI Tool That Helps You Write Better Grammarly Install Now Undo Highlighting the govt's focus on industrial growth in North Karnataka, Patil said the state has introduced several concessions and facilities under its new industrial policy. "For Nidec's project, we ensured timely facilitation by allotting the required land within just two years," he added. Addressing concerns about water usage, the minister clarified, "The Krishna River water tribunal has allocated 4 tmc of water for industrial purposes, of which, we are currently using only 0.5 tmc. We are not diverting water meant for agriculture. Moreover, the industries are provided only downstream water from the Hidkal Dam." He further emphasised the importance of balancing industrial development with agricultural interests. "While acquiring land for industrial purposes, fair compensation must be ensured for farmers. A healthy balance between agriculture and industry is vital," Patil noted. The event saw the participation of Japanese Consul General Nakane Tsutomu, French Consul General Marc Lamy, and senior Nidec officials including Michael Briggs, Greg Garman, and Girish Kulkarni. Caption: Industries Minister MB Patil takes a stroll at newly launched Nidec Company's plant in Belur Industrial Area off Dharwad (TOI)

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