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| Exchange Disseminated Time 08/09/2015 18:21:54 | Shivam Autotech Ltd has informed BSE that the Company has successfully inaugurated its new plant at Bengaluru.
Shivam Autotech Ltd., one of the leading manufacturers of transmission gears and splined shafts are now extending their manufacturing base in South India. The Company has set up its fourth plant at Vemagal Industrial Area, near Bengaluru. The state-of-the-art plant has been inaugurated by Shri Siddaramaiah, Hon'ble Chief Minister, Government of Karnataka on September 08, 2015.
This plant will cater to the requirements of companies like Bosch, Mando, INEL, for four wheeler components of alternators, starter motor, electronic steering systems, etc. This initiative of the Company is a step forward towards achieving Make in India campaign. This manufacturing unit will focus on import substitutes which will enable them to save the precious foreign exchange for the country as well as will cater to export market. |
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