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The Japanese firm Daicel is investing ₹ 230 crore to set up a factory in Chennai




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Chennai, The Japanese multi-product Daicel Corporation will install a car airbag inflator factory close to here for an investment of ₹ 230 crore.

“In the first phase, the investment will be £ 230 crore. The focus will be on the domestic market. Based on the demand, we will look at other markets,” an official told IANS on Monday.

The factory owned by Daicel Safety Systems India Pvt. Ltd, will appear on CapitalLand’s OneHub Chennai, an industrial town nearby.

The proposed plant is expected to be commissioned in December 2023.

According to Daicel’s safety officer, the company delivers its Products to Tier I supplier for car manufacturers. The company’s airbag inflators can be found in all major Japanese and Korean auto manufacturers in India.

He declined to comment on the proposed plant’s production capacity.

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“Until now we have been supplying the Indian market from our own product Production location in Thailand and other countries. Due to the growth potential of the Indian automotive market and the need to strengthen the supply chains of auto and airbag module manufacturers in India, we have decided to establish a local manufacturing site in OneHub Chennai, “Takase Yoshifumi, Managing Director, India Operations, said Daicel Corporation.

“We will further strengthen our presence in the Indian market through stable production and supply of products, which contributes to the development of the Indian economy through both the production of inflator and the purchase of parts in the country,” added Yoshifumi .

“We welcome Daicel to India and join the growing community of OneHub Chennai’s leading multinational companies. OneHub Chennai provides the right ecosystem and the right plug and play infrastructure for the company’s manufacturing facility,” Vinamra Srivastava, CEO , Business Parks, CapitaLand India said.

The 1,250 acre business city OneHub Chennai (OHC) is being developed by CapitaLand in a joint venture with IREO and a Japanese consortium consisting of Mizuho Bank and JGC Corporation.

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