# NIFCO to invest ₹288 crore in automotive parts plant in Gauribidanur

NIFCO South India Manufacturing signed an MoU with the Karnataka government to invest ₹288 crore in a new plant in Gauribidanur, India, to manufacture automotive plastic parts, creating about 400 jobs (65% women).

- Type: New facility
- Announced: 2023-11-29
- Where: Gauribidanur, Karnataka, India
- Value: $34.5M (2.88B INR)
- Jobs: 400
- Starts operating: 2028
- Status: announced
- Products: automotive plastic parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [NIFCO South India Manufacturing](https://endata.com/companies/74063.md)

## Sources

- [thehindu.com](https://www.thehindu.com/news/national/karnataka/nifco-to-invest-288-crore-to-open-plant-in-gauribidanur/article67587643.ece), 2023-11-29: "Under the MoU, NIFCO will invest ₹288 crore to establish a new plant to manufacture automotive plastic parts at Gauribidanur."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.