This German Infrastructure Leader Expands in India

Germany’s Herrenknecht AG doubles down on India.

And is expanding its facility in Chennai.

As reported by Guidance Tamil Nadu and The Hindu Business Line, the global leader in tunnel boring machines (TBM) acquired a 12.4 acres large site for a new manufacturing facility with support from JLL India and will invest a total of INR 250 crore (around EUR 28 million).

Details on Herrenknecht in India:

➡️ Localisation rate achieved: 70%

➡️ Production of TBMs: 10-12 metro sized per year in total

➡️ Cost per TBM: USD 10 - 100 million depending on design and size

The TBMs support many important metro projects in India such as the Chennai Metro Rail Project, and others. Tunnel projects worth over INR 3 lakh crore (around EUR 33 billion) are planned for the next decade.

We continue to report on India’s path to become the 3rd largest economy, and its opportunities for European businesses. Here are a list of our issues focused on infrastructure developments:

• Issue 18 - Other Risers: India’s First Bullet Train Project is on Track

• Issue 16 - Rise of the Week: The Opportunity of India’s Aviation Market

• Issue 15 - Rise of the Week: India’s Infrastructure Push

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Sources: Guidance Tamil Nadu, Business Line

#india #europe #germany #opportunity #infrastructure

Link to original LinkedIn Post.

India, Technology, GDP, Economy, Free Trade Agreement, Europe, Partnership, German businesses in India, Expanding in India, Expansion