Spectrum Electrical Industries has executed a Memorandum of Understanding (MoU) with the Department of Industries, Government of Maharashtra, during the Government of Maharashtra’s Investment Summit 2026 held on May 06, 2026, in Nashik, Maharashtra, India, for the purpose of a proposed expansion investment of Rs 110 crore in the State of Maharashtra.
The Government of Maharashtra will facilitate the company in obtaining necessary permissions, registrations, approvals, clearances, fiscal incentives, etc., from the concerned State departments, in accordance with its applicable policies, rules, and regulations.
Spectrum Electrical Industries is engaged in the business of designing and manufacturing of electrical, automobile and irrigation components as contract manufacturers and as component suppliers to leading industry players on Business-to-Business (B2B) model.
