Nitta Corporation India Private Limited, the Indian subsidiary of Japan-based Nitta Corporation headquartered in Osaka, has inaugurated a new manufacturing facility in Haveli Taluka, Pune, Maharashtra. The plant marks the relocation and expansion of its primary industrial operations in India as part of the group’s medium-term “SHIFT2030” strategy.
In February 2025, Nitta Corporation Japan announced the decision to relocate and expand its Indian manufacturing site within the Haveli Taluka industrial region to address growing domestic and export demand. The project involves an investment of approximately INR 835 million, equivalent to about JPY 1.5 billion or EUR 9 million, and expands the scope of operations from fabrication to broader manufacturing functions.
The Pune facility will manufacture a range of industrial products across the Belt and Rubber, and Hose and Tube segments. These include industrial conveyor belts made from rubber-based and specialised materials for logistics and textile machinery applications, as well as precision hydraulic hoses and tube fittings used in industrial and automotive systems. The plant will also produce automotive components such as air filters and oil-changing parts, and is expected to support the localisation of specialised hose lines, including products positioned for semiconductor and hydraulic market applications.
The expansion aligns with the group’s stated objective of integrating local supply chains with its manufacturing standards to reduce lead times in South Asian markets.
For the financial year ended 31 March 2025, Nitta Corporation reported consolidated revenue of JPY 90.28 billion, reflecting year-on-year growth of 1.9 percent. Operating income rose 16.7 percent to JPY 5.16 billion, while net income increased 23.1 percent to JPY 12.13 billion, with net profit margin improving to 13.4 percent from 11.1 percent in the previous year. The company reported total assets of JPY 179.93 billion and an equity ratio of 71.2 percent.
In the second quarter of fiscal year 2025–26, the Asia segment, which includes India, recorded sales of JPY 2.9 billion, up 2.4 percent year-on-year. The company stated that “Asia and Europe & U.S. sales were robust,” citing a recovery trend in India and ASEAN markets within the Belt and Rubber segment.
Under Phase 2 of its SHIFT2030 plan covering 2025–2027, the group has allocated JPY 17 billion for global capital expenditure, with the Indian facility identified as part of this investment cycle to expand manufacturing base functions and increase engagement with local Indian companies.
Nitta Corporation, headquartered in Osaka, Japan, manufactures belts, hoses, rubber products, and other industrial components for automotive, logistics, textile, semiconductor, and industrial machinery applications.
