MIM specialist Indo US MIM Tec reportedly plans to invest 100 crore in India to make medical devices.
According to The Hindu Business Line, an investment of 1,000 crore is also planned globally over the next five years, potentially doubling the company’s turnover and manpower.
Indo MIM designs, manufactures and supplies metal injection moulding products for automotive, medical, consumer, aero space, consumer, oil and gas and industrial sectors to customers in 33 countries around the world.
‘The future of Indian job industry lies with India’s manufacturing companies and new generation entrepreneurs,’ said Krishna Chivukula, Chairman and Founder Indo-US MIM Tec.
‘The new mantra of ‘Make in India’ will bear fruits only if we are serious about innovation and indigenisation. During 2015 fiscal year and ensuing five years, Indo-MIM plans to aggressively build its capacity.’
This story is reprinted from material from The Hindu Business Line and Indo MIM, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
