NIFCO Japan Leases 5.13 Acres in Maharashtra for Factory
Representative AI image NIFCO India, part of Japan’s NIFCO Inc, has signed a long-term lease with Inspira Realty for a 5.13-acre industrial site at its Shendra MIDC industrial and warehousing park in Chhatrapati Sambhaji Nagar. This expansion aims to enhance the automotive component manufacturer’s production capabilities in India. The area spans 2,23,561 sq. ft. and will accommodate the company’s fourth manufacturing facility in India, further bolstering its existing production network to meet the rising demand from local automakers. “India remains a strategically vital market for NIFCO due to continuous growth in the automotive sector and changing customer needs. Our new…