Sansera Engineering to invest Rs 2,100 crore in Karnataka, to create 3,500 jobs

Sansera Engineering Limited on July 31 signed an MoU with Karnataka government to expand its manufacturing capacity in Harohalli by investing Rs 2,100 crore.

Sansera Engineering Limited, the Bengaluru-based manufacturer of precision-engineered components for both automotive and non-automotive sectors, on July 31 signed an MoU with the Karnataka government to expand its manufacturing capacity in Harohalli by investing Rs 2,100 crore.

Under this MoU, Sansera plans to invest around Rs 2,100 crore over a period of three to five years, which is estimated to create 3,500 direct and indirect Jobs.

Also read: Sansera inks definitive agreement for strategic investment in MMRFIC Technology

Karnataka Minister for Large and Medium Industries MB Patil said, Sansera would direct this investment towards expanding its manufacturing capacity over a 55-acre plot in Harohalli of Ramanagara district.

“The company plans to establish a training centre to enhance the skills of the local workforce, creating talent development and employment opportunities. Advanced technologies and best practices which will be introduced through this plant would benefit the local industrial ecosystem and promote innovation,” Patil said.

OTIS seeks 12 acres of land

In another meeting with Patil and senior officials, elevator manufacturer OTIS discussed plans to set up a unit in the Harohalli Industrial Area, with an investment of Rs 135 crore.

“During the meeting, company representatives requested 12 acres of land at the Harohalli industrial site, to which the minister responded positively. The proposed plan is expected to generate around 220 jobs” a statement from the industries minister’s office said.