New Delhi, February 16 SKF India (Industrial) announced on Monday that it will invest ₹653 crore to set up a new manufacturing plant in Pune.
The facility, expected to be ready by 2030, represents a significant step in further strengthening the company's advanced manufacturing capabilities in India, reinforcing its long-term commitment to digitalization, sustainability, and resilient supply chains, the company said in a statement.
"The planned 'Factory of the Future' in Pune reflects our belief that India's manufacturing moment is now, and SKF India Industrial intends to lead it," said Sujeeth Pai, Director- Manufacturing Operations, for India, Southeast Asia and Middle East (ISEAM), SKF India (Industrial).
The move will enable the company to deepen its support across critical industries, including energy, railways, metals & mining, and other heavy industries, by enabling faster response times and greater localization, at a time when India is rapidly emerging as a global hub for advanced manufacturing, it added.