Nidec starts work on 3rd plant in Neemrana, to invest 450cr

Nemrana: Nidec India started construction of its third in the Japanese zone of Neemrana reflecting its Japanese parent Nidec Corporation's confidence in India and Rajasthan for future growth. The company had started its manufacturing at Neemrana in 2016.

Keiji Oshima, managing director of Nidec India, said, "It showcases the confidence of Nidec Japan in India. We have steadily expanded our business in India, from motors for automotive sector, to white goods and now to manufacture specifically, automotive components."

The new factory, which will be operational by Sept 2026, will manufacture technologically advanced automotive components for electric power steering motors, park lock actuators, electric water pump, electric oil pump, BLDC engine cooling fan motors.

Speaking on the future plans of the company in India, CEO of Nidec Corporation, Mitsuya Kishida, said, "Our Motion and Energy (MOEN) business will launch of a mega campus having five plants within the Hubli Dharwad on June 2. This campus represents investments of $55 million and aims to achieve carbon neutral by 2027".

Similarly, Mr. Kishida said, "Our Global Appliance (ACIM) business is investing $150 million in Maharashtra. A MoU for acquiring 50-acre land was signed with Maharashtra govt." With the Japanese zone in Neemrana getting saturated, RIICO appealed to the Japanese investors to look at second dedicated zone at Ghiloth developed for them.

At the ground-breaking ceremony of Nidec India's third plant, RIICO MD Shivangi Swarnkar said, "A second industrial zone has been developed at Ghiloth, near Neemrana, covering around 200 hectares, to further strengthen the region as a strategic hub for Japanese industries."

Currently, the Japanese industrial township hosts more than 51 companies, representing a cumulative investment of about Rs 6,500 crore, and generating employment for over 26,000 individuals. Ambassador of Japan to India, Keiichi Ono, said Nidec's strategic investment in growth sector and the ability to swiftly respond to the market needs outlines Nidec's strong and visionary leadership.