Novamax
Technologies, a home appliances brand, is set to strengthen its manufacturing
capabilities with a new facility in the Delhi-Mumbai Industrial Corridor
(DMIC). The company plans to invest Rs 2 billion in the plant, which will
support the launch of new products, including air conditioners and washing
machines.
The
facility is expected to become operational within the next two years and will
create employment opportunities for around 800 people through direct and
indirect capacities. Of these, 350 jobs will be created directly, while another
450 jobs will be generated indirectly.
With this
investment, Novamax Technologies aims to further strengthen its expansion plans
in the consumer durables segment. The upcoming plant will enhance the company’s
manufacturing capacity and enable production across a wider range of home
appliance categories.
Harshit Aggarwal, CEO and Founder, Novamax
Technologies, said,
“The upcoming manufacturing facility in DMIC marks an important step in Novamax
Technologies’ growth journey. As we enter new categories such as air
conditioners and washing machines, this investment will help us build stronger
manufacturing capabilities and support the expansion of our product portfolio.
At the same time, we are looking forward to providing employment opportunities
and being part of the local manufacturing ecosystem’s development.”
The
facility’s location in the Delhi-Mumbai Industrial Corridor is expected to
provide Novamax Technologies access to established industrial infrastructure
and connectivity, supporting its manufacturing, logistics and supply chain
requirements.
The
upcoming plant will complement the manufacturing infrastructure already
established by Novamax Technologies, including its facility in Gorakhpur, which
was set up to enhance the company’s manufacturing capabilities in the region.
The
investment reflects Novamax Technologies’ continued efforts to expand its
manufacturing base in line with evolving business requirements. As the company
diversifies into additional home appliance categories, the DMIC facility is
expected to play a role in its future growth strategy.