Thursday, Jun 5 2025 | Time 06:09 Hrs(IST)
Business Economy


NIDEC inaugurates Rs 600 crore-export-oriented industrial plant near Dharwad

Dharwad, June 2 (UNI) A Rs 600 crore export-oriented industrial plant for manufacturing heavy-duty data centre equipment was inaugurated at the Belur Industrial Area near here on Monday by Karnataka Minister for Large and Medium Industries M B Patil.
The state-of-the-art facility has been established by NIDEC, a global leader in the production of data centre equipment.
The plant will manufacture 2 MW, 3 MW, and 4 MW capacity machines incorporating advanced technology from Japan and France, with products slated for export to markets in the United States, Europe, and the United Arab Emirates, alongside catering to domestic demand.
Addressing the gathering, Patil said the plant, which has already created 800 direct employment opportunities, will serve the rapidly expanding requirements of sectors such as electric vehicles, data centres, renewable energy, battery storage, and general industry.
He said that once the plant becomes fully operational, the workforce is expected to grow to over 3,000. The facility will also manufacture generators, alternators for data centres, EV motors for three-wheelers and trucks, as well as medium and low-voltage electronic drives.
Underscoring the state government’s focus on decentralising industrial growth and promoting development in North Karnataka, Patil noted that Karnataka has introduced several incentives and facilities under its new industrial policy framework to attract investment beyond Bengaluru.
Japanese Consul General Nakane Tsutomu and French Consul General Marc Lamy were present on the occasion.
UNI VA BDN RN
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