Craftsman Automation to Launch New Aluminium Products Plant in Rajasthan
Rajasthan State Industrial Development and Investment Corporation (RIICO) has joined forces with Craftsman Automation, an automation firm, to establish a new aluminium products manufacturing facility in Alwar. This initiative, representing an initial investment of Rs 150 crore, marks a significant step towards expanding the state's industrial and manufacturing capabilities.
The upcoming plant will be located in the Salarpur industrial area of Bhiwadi, with Craftsman Automation committing Rs 150 crore in the first phase of development. This venture aims to cater to both international and domestic markets, supplying products to renowned brands such as the Tata Group and Mahindra Group. Craftsman Automation's Chairman and Managing Director, S Ravi, expressed enthusiasm for the project, highlighting the company's commitment to leveraging Rajasthan's growing industrial sector.
Ajitabh Sharma, Principal Secretary of Industries and Chairman of RIICO, extended a warm welcome to Craftsman Automation Ltd, assuring full support through Rajasthan's investment promotion schemes, financing, incentive schemes, and all applicable benefits. Sharma emphasized Rajasthan's investor-friendly atmosphere and expressed eagerness to assist Craftsman Automation in achieving a new level of growth within the state.
This partnership not only signifies Rajasthan's appeal as a prime destination for industrial investments but also sets the stage for significant economic and employment opportunities in the region. As Craftsman Automation gears up to commence operations in Alwar, the move is poised to enhance the state's manufacturing landscape and strengthen its position in the aluminium products sector.
