Belden Inc
Belden Inc

Belden Inc. inaugurates manufacturing unit in India; targets new markets

ANI | Updated: Nov 24, 2018 17:21 IST

New Delhi [India], Nov 24 (ANI): Belden Inc., a global leader in signal transmission and security solutions for mission-critical application in enterprise and industrial markets has opened its state-of-the-art manufacturing facility at Chakan.
Spread over 24,000 square meters, the total investment in the facility is Rs. 250 crore ($35 million USD). The facility has been established with support from the Mega Project program of the Government of India and is credited with being the first truly 'One Belden' factory, with capabilities to serve multiple customer markets and applications of the Belden group of brands.
The global leader aims to provide customers in the region, who are investing in increasingly sophisticated automation, with a single-point solution for mission-critical signal transmission and management requirements.
"With this mega project, Belden seeks to address the fast evolving needs of Indian customers for mission critical applications in the transportation, energy, smart buildings, process automation, factory automation and broadcast markets," said Ashish Chand, MD Asia Pacific Belden Inc.
"The facility is equipped with state-of-the-art technology that will also allow us to serve other export geographies including the US, Middle East, South East Asia and China," added Ashish Chand.
"Belden has been proudly present in India since 2003, and based on the growth of the market, the company decided in early 2017 to set up a manufacturing footprint here," he said.
The first phase, which included a Rs. 140 crore (USD 20 million USD) investment, was completed in September 2018. Work on the second phase will commence soon, with an additional Rs. 110 crore (USD 15 million USD) investment. The project, when at its full capacity in 2019, will provide direct and indirect employment opportunities to more than 300 people.
"Belden would like to sincerely thank the Governments of India and Maharashtra and their agencies involved, especially the Maharashtra Industrial Development Corporation, for the great support that allowed the company to execute phase one within 12 months from the date of application for land allotment to commencement of operations. We are very hopeful that this support will allow us to grow quickly and contribute to the building of Indian infrastructure, especially in the areas of energy, transportation, manufacturing and smart buildings," added Chand. (ANI)