Kolkata-based engineering and manufacturing company Nipha Group has announced an investment of ₹180 crore over the next two years to expand its operations in India, according to a report by Press Trust of India. The plan includes the establishment of two greenfield projects in West Bengal, a brownfield expansion, and the acquisition of a U.S.-based company to enhance its market presence.
According to the PTI report, the greenfield projects will be located in Dankuni and Chandannagar, while the brownfield expansion is planned at Falta. These initiatives are expected to support job creation in the region.
The company, which exports to over 30 countries, plans to leverage its international presence through the acquisition of a U.S. firm, currently under negotiation. This move aligns with strategies to diversify supply chains and reduce dependence on a single country for manufacturing.
In the 2023-24 fiscal year, Nipha Group invested ₹90 crore, and the additional ₹180 crore capital expenditure will be allocated for fiscal years 2025 and 2026.