Chennai: German concrete machinery giant Schwing Stetter is set to enhance Tamil Nadu’s industrial prowess by establishing its fifth manufacturing facility in the state. The plant will be located in Tiruvannamalai and marks a significant step in the company’s expansion in India.
Details of the New Facility
- Location: Tiruvannamalai, Tamil Nadu.
- Size: Spread over 52 acres.
- Built-up Area: 2,47,000 square feet.
- Investment: ₹600 crore.
The new factory underscores Schwing Stetter’s commitment to strengthening its operations in India, which serves as a key market for its globally acclaimed concrete machinery.
Boost to Tamil Nadu’s Industrial Sector
The establishment of this facility is poised to bring substantial benefits to Tamil Nadu, including:
- Job Creation: A surge in employment opportunities, both direct and indirect.
- Economic Growth: Attracting ancillary industries and fostering local manufacturing ecosystems.
- Technology Transfer: Introduction of advanced German engineering and manufacturing techniques.
Schwing Stetter’s Journey in India
Schwing Stetter has been a leading name in India’s construction and manufacturing sectors. The upcoming plant aligns with the company’s vision to cater to the growing demand for high-quality concrete machinery in domestic and international markets.
Conclusion
Schwing Stetter’s fifth plant in Tiruvannamalai not only reinforces Tamil Nadu’s reputation as a hub for industrial investments but also highlights the state’s favorable policies and infrastructure for global manufacturers. This initiative is expected to drive economic growth and bolster the state’s position in India’s industrial map.
