MoU31 Jul 2024, 09:17 pm
Sansera Engineering to Acquire 55 Acres of Industrial Land in Bengaluru for INR 2100 Crores Investment
AI Summary
Sansera Engineering Ltd has entered into a Memorandum of Understanding with the Government of Karnataka for the acquisition of 55 acres of industrial land at Harohalli, Ramanagra, Bengaluru. The company plans to invest approximately INR 2100 Crores over a period of 3-5 years, aiming to create around 3000 - 4000 direct and indirect jobs in the region. The new facility is expected to boost Sansera’s manufacturing capacity by approx. INR 3,000 Crores, contribute to India's export growth, generate additional revenue for the state, enhance local workforce skills, introduce advanced technologies, and benefit the local industrial ecosystem through CSR initiatives.
Key Highlights
- Allocation of 55 acres of industrial land in Harohalli, Ramanagra, Bengaluru by the Government of Karnataka.
- Sansera’s commitment to invest approximately INR 2100 Crores over a period of 3-5 years.
- Potential creation of approx. 3000 — 4000 direct and indirect jobs in the region.
- Increased exports, additional revenue for Karnataka, skill development, technology transfer, and CSR initiatives.