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“We have signed a memorandum of understanding (MoU) with the Government of Karnataka for the construction of our new facility that would spread over 25 acres (over 100,000 m²) in Belgaum, Karnataka,” Balu Forge Industries said in a regulatory filing.
The project timeline is for a period of three years with a planned capital outlay of Rs 200 crore.
Balu Forge Industries said the inception of the new manufacturing campus will be undertaken under the guidance of Gunjan Krishna, IAS, Commissioner, Industrial Development and CEO, Invest Karnataka Forum and with the support of the Government of Karnataka.
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