Sansera Engineering Limited has announced a significant strategic move by entering into a Memorandum of Understanding (MoU) with Karnataka Udyog Mitra, Directorate of Industries & Commerce, Government of Karnataka. The agreement involves the acquisition of 55 acres of industrial land in Harohalli, Ramanagara, Bengaluru. This development is poised to be a key element in Sansera’s ambitious growth and expansion strategy, impacting both the automotive and non-automotive sectors.

Sansera’s significant land acquisition and investment plan

Under the terms of the MoU, the Government of Karnataka has allocated 55 acres of industrial land to Sansera Engineering Limited. This acquisition is part of the company’s extensive plan to invest approximately INR 2100 Crores over the next three to five years. The new facility is expected to create between 3000 and 4000 direct and indirect jobs in the region, marking a substantial boost to local employment and economic growth.

The benefits of this acquisition extend beyond job creation. Sansera’s new facility is set to increase its manufacturing capacity by approximately INR 3,000 Crores, contributing significantly to India’s export growth. Additionally, the project will generate additional revenue for Karnataka and foster skill development through the establishment of a training centre. The introduction of advanced technologies and best practices is also anticipated to enhance the local industrial ecosystem.

Strategic advantages and community impact

Sansera Engineering Limited’s expansion plan includes several strategic advantages. The company aims to enhance its global competitiveness by leveraging the new facility’s increased manufacturing capacity. The move will also drive technology transfer, benefiting the local industry with advanced manufacturing processes and practices. Furthermore, Sansera has committed to investing in community development projects, focusing on education, healthcare, and other social initiatives.

Leadership comments on the partnership

Mr. S. Sekhar Vasan, Chairman & Managing Director of Sansera Engineering Limited, emphasized the significance of the MoU, describing it as a pivotal moment in the company’s growth trajectory. He expressed enthusiasm about the opportunities presented by the expansion and appreciation for the support from the Government of Karnataka. Vasan highlighted the alignment of the initiative with Sansera’s vision of becoming a world-class engineering corporation that maximizes stakeholder value.

M. B. Patil, Hon’ble Minister for Large & Medium Industries and Infrastructure Development, Government of Karnataka, welcomed the investment by Sansera. He highlighted the alignment of the partnership with the state’s commitment to industrial growth and economic development. Patil assured full support for the initiative, recognizing the anticipated benefits in terms of employment, revenue, and technological advancement.

Sansera’s industry position and future outlook

Founded in 1981, Sansera Engineering Limited is a leading integrated manufacturer of precision-engineered components. The company serves both the automotive and non-automotive sectors, providing a wide range of components essential for various systems. The new facility in Bengaluru is expected to reinforce Sansera’s position in the market and support its continued growth and innovation in precision engineering.

  Bengaluru, Directorate of Industries & Commerce, Government of Karnataka, Harohalli, Karnataka Udyog Mitra, Ramanagara, Sansera Engineering Limited