HSG invests $10 mn to set up new factory in India
HSG Laser, a leading name in the global metal shaping industry, has announced plans to invest $10 million in establishing a new factory in India. The move is part of the company’s strategy to expand its global production network. “This strategic initiative is not only aimed at better serving Indian customers but also at creating local job opportunities and tax revenues, actively contributing to the sustainable development of the regional economy,” the company said.
“Since entering the Indian market in 2012, HSG has established a local operations team, built strong partnerships, and earned its place as an industry leader through exceptional product quality and customer service. In 2024, once again achieving the top spot in industry sales demonstrates the high trust Indian customers place in HSG,” said the head of HSG’s Chicago Global Operations Center. “Looking ahead to 2025, we are confident in the growth potential of the Indian market. We aim to further deepen collaboration between the U.S. and India in the metal forming sector, leveraging our success in the U.S. market to empower our Indian customers. Additionally, we will introduce cutting-edge technology and innovative applications from HSG’s Global R&D Center in Tokyo, helping Indian enterprises enhance production efficiency and expand into broader international markets.”
The spokesperson further emphasized that as a company with a global vision, HSG is committed to fully complying with local laws and regulations while advancing its localization efforts.
