DN Solutions to Invest INR 600+ Cr in Bengaluru by 2030

Bengaluru, India – DN Solutions, a leading global brand for machine tools in India, plans to make an investment of INR 600+ crore by 2030 in Bengaluru, India, to establish a new factory and R&D center. Wonjong Kim, CEO, of DN Solutions, recently met with S Selvakumar, Principal Secretary, Commerce and Industries, Government of Karnataka. This meeting took place at the Lotte Hotel Seoul in South Korea on July 2, where they signed a Memorandum of Understanding (MoU) to formalize the investment agreement. Under the MoU, DN Solutions will invest approximately INR 600 crore plus by 2030 to construct a new manufacturing facility and research hub in Bengaluru.

The Government of Karnataka, in turn, has committed to providing necessary administrative support, including permits and incentives. The MoU signing ceremony was attended by key dignitaries, including M B Patil, Minister for Large and Medium Scale Industries, Infrastructure Development, Government of Karnataka; Amit Kumar, Ambassador of India to the Republic of Korea; and Ramesh Vishwanath Iyer, President, Indian Chamber of Commerce (ICCK) - Korea. Patil was in Korea as part of a State Government initiative to attract investments to Karnataka.

Located on a site spanning approximately 100,000 sq mt within an industrial park near Bengaluru, the new facility is expected to be operational by 2026.

This strategic investment aims to enhance accessibility to DN Solutions’ high-quality products in India, streamline order fulfillment times, and cater more effectively to the specific needs of Indian customers. DN Solutions first established its presence in India in 2008 with the opening of a technical center in Bangalore. Earlier this year, the company introduced the SVM 4100i machining center tailored to the local market, which has received positive feedback.

Kim expressed confidence in India’s competitive manufacturing capabilities, emphasizing its status as a key emerging market for the company’s future growth. He reaffirmed DN Solutions’ commitment to meeting the demands of Indian consumers by continually developing and launching localized product models.

Image Source: DN Solutions

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