Technocraft Group invests Rs 350 crore in Bidkin

LOKMAT NEWS NETWORK

Global industrial and construction products manufacturer expands presence with groundbreaking ceremony

Chhatrapati Sambhajinagar: Technocraft Group, a renowned global manufacturer of industrial and construction products, has made a significant investment of Rs 350 crore for the establishment of a new manufacturing plant in Bidkin phase of the Delhi-Mumbai Industrial Corridor (DMIC).

The Chamber of Marathwada Industries and Agriculture (CMIA) had pursued this investment. Dignitaries, government officials, CMIA office-bearers, prominent local entrepreneurs, and professionals from the construction sector were present at the event. Technocraft Group CEO and director Navneet Saraf, vice-president Deepak Mishra, CMIA’s immediate past president Nitin Gupta, secretary Utsav Machar, treasurer Atharveshraj Nandawat, and Vaibhav Malpani were present during the bhoomi pujan programme.

Commercial production to start by March 2024

CEO Saraf said that the new Technocraft plant will be spanning an area of 3,00,000 square feet in Bidkin. This expansion aligns with the company's strategic objectives of augmenting manufacturing capacity and improving customer service. Construction of the plant is expected to conclude by February 2024, with commercial production slated to commence in March 2024.

Efforts made by dignitaries instrumental

Senior CMIA member Rajendra Darda, former president Narendra Gupta, Ravi Machhar, and Nandkishore Kagliwal were instrumental in securing this significant investment for Chhatrapati Sambhajinagar. CMIA president Dushyant Patil expressed his gratitude for support of seniors and highlighted the chamber's commitment to attracting further substantial investments in the region in the future.