Japan's NIFCO leases 5.13-acre plot in Maharashtra for manufacturing plant

NIFCO India is expanding its manufacturing capabilities with a new 5.13-acre plant in Shendra MIDC, Chhatrapati Sambhaji Nagar. This marks the automotive component maker's fourth facility in India, aiming to meet rising domestic demand from car manufacturers. The move underscores India's strategic importance for NIFCO and highlights the growing interest from Japanese firms in the country's industrial sector.