CHENNAI: A leading manufacturer of fans and motors, ebm-papst, a German company, will invest $36 million (`340 crore) to expand its presence in India with a new manufacturing plant in Chennai.
The facility, coming up on a 14.2-acre site, reinforces the company’s commitment to regional growth. The ground-breaking ceremony is scheduled for Friday, with operations expected by late 2026. This expansion will generate 700 jobs, aligning with ebm-papst’s “Local for local” strategy to enhance supply chain resilience.
“This investment reflects our long-term vision for India,” said Atul Tripathi, managing director of ebm-papst India.
Klaus Geissdoerfer, CEO of the ebm-papst Group, said, “As a technology leader, we are leveraging our localisation strategy to provide tailored solutions for the Asia Pacific and middle east and Africa regions.”