ABB, the power and automation technology group is likely to invest about Rs 115 crore to set up a new plant in India, which will manufacture power circuit breakers and surge protection devices.
The new manufacturing facility would be set up in the company's Nelamangala campus and will produce miniature circuit breakers (MCB), residual current circuit breakers (RCCB) and surge protection devices (SPD), employing around 300 people.
This investment will increase production capacity to serve both domestic and export markets. The plant will manufacture a new range of protection devices used in residential and commercial buildings, industrial and renewable energy applications, data centers and the telecommunications industry to protect installations against excess current, short-circuits and leakage current.
ABB's low voltage products division in India has delivered 25 million poles to the domestic market through wholesalers and a network of channel partners.