ABB Powers Up: Major Investment to Boost India's Manufacturing and R&D
ABB plans to invest an additional USD 75 million in India by 2026, enhancing its manufacturing and R&D presence. This move supports ABB's 'local-for-local' strategy, with 85% of its Indian sales being locally produced. The investment will create 300 skilled jobs and strengthens ABB's role in India's infrastructure and economic sectors.
- Country:
- India
ABB, a leader in electrification and automation, announced a USD 75 million investment in India by 2026 to expand its manufacturing and R&D capabilities significantly. This decision aligns with its 'local-for-local' strategy as it continues to invest heavily in the country, reflecting the company's commitment to growth and innovation in one of its fastest-growing markets.
The investment will bolster ABB's operations in electrification, motion, and automation, facilitating India's energy transition and supporting key industries like data centers and public infrastructure. Approximately 300 skilled engineering, operations, and research jobs will emerge from these expansions, which aim to strengthen India's position as a global manufacturing hub.
ABB's investment strategy includes significant developments across multiple Indian locations. Plans include a USD 14 million investment in Nelamangala facilities, USD 21 million to increase Peenya operations, and USD 12 million for a new laboratory and office project in Hyderabad. Additionally, ABB will invest USD 22 million in Nashik and USD 6 million in Vadodara to scale production capabilities for electrical components and machinery vital to the Indian economy.
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