Japanese company Horiba to come up with Rs 200 crore project at Butibori


Nation Next Newsroom | Jul 13, 2018 14:20

Picture for representational purpose (Photo Source: Wikimedia Commons)

The Indian subsidiary of Japanese company Horiba is soon going to come up with Rs 200 crore project at the Butibori industrial estate near Nagpur. Chief Minister of Maharashtra Devendra Fadnavis is scheduled to perform the bhoomipoojan of the project on July 15. Also present during the occasion will be Union Minister Nitin Gadkari, Dr Jai Hakhu (Chairman, Horiba India), Dr Rajeev Gautam (President, Horiba India), Guardian Minister Chandrashekhar Bawankule, MLA Sameer Meghe and MP from Ramtek Krupal Tumane.

The company is setting up the project in Butibori to manufacture cell countering machines and the chemicals required for it. While the investment in the first phase of the project will be Rs 200 crore, the investment is expected to increase in the future. The first phase of the project is scheduled to be completed by December 2019. The project in Butibori is expected to generate around thousand jobs.  Spread across an area of 12 acres, Horiba India’s project at Butibori will have a medical factory and a central warehouse.

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The company’s investment in Butibori can be credited to CM Fadnavis, who while inaugurating the Japanese company’s project in Chakan in Pune district two years back, had appealed Atsushi Horiba (President and CEO of the company) for investing in Nagpur district.