Hydraulic pump manufacturer Wipro Kawasaki Precision Machinery is planning to set up a manufacturing plant in the Phase V Industrial Area at Harohalli, about 50 km from Bengaluru. The company is set to invest ₹1,000 crore in the project, which is projected to create 1,200 jobs, Karnataka Industries Minister MB Patil said on Thursday.
The announcement came after the Minister held discussions with a high-level delegation from the company, led by its CEO Minoru Hatsuda, at Khanija Bhavan in Bengaluru.
The company currently has a manufacturing unit on leased premises at Kumbalgodu, in the city outskirts, where 80,000 hydraulic pumps are manufactured annually. The proposed plant will expand the company’s manufacturing operations. More than two lakh hydraulic pumps will be manufactured annually at the new facility, Patil added.
Japan-based Kawasaki, in partnership with Wipro, has sought 30 acres of land for the facility, the Minister said. “We will provide the land expeditiously. The new manufacturing plant is expected to commence operations within a year.”