Press Release | November 2015
Thyssenkrupp joins The ´Make in India´ mission
ThyssenKrupp Elevator, a part of diversified industrial group ThyssenKrupp AG, today announced it will set up a state-of-the-art multipurpose manufacturing plant in the Chakan Industrial Area in Pune, Maharashtra, with an investment of 44 million euros (Rs 300 crore).
This facility will enable the company to cater to increasing demands from the local market, and is aligned with Prime Minister Narendra Modi´s ´Make in India´ vision, aimed at promoting domestic manufacturing.
On this occasion, Dr. Michael Thiemann, CEO, ThyssenKrupp India said,´India has ushered in a paradigm shift with its ambitious vision, ´Make in India´, to boost the local manufacturing sector and uplift the economy. We are eager to participate in this growth by investing ahead of the curve and support the rapid urbanisation in the country through locally manufactured, high-end technology engineering solutions´.
In addition, the company will establish a SEED Campus (ThyssenKrupp Elevator´s training academy) on-site to improve service efficiency in the field to transition key departments, such as contract engineering, from Mumbai to Pune, with the intention of localising the workforce and building on local talent.