HORIBA inaugurates INR 200 crore medical manufacturing facility in Nagpur

New Delhi: HORIBA India has inaugurated its expansive medical equipment and consumables manufacturing facility in Butibori, Nagpur. This facility is in line with India’s Atmanirbhar Bharat and Make in India initiatives.

With an investment of approximately INR 200 crore (3.8 Billion JPY) in a phased manner, the Nagpur facility is poised to serve over 30,000 diagnostic labs and hospitals across India. This investment represents HORIBA’s third significant commitment in India, underscoring its efforts to generate employment opportunities in tier-2 cities and support the country’s economic growth. The global business revenue of HORIBA, Ltd., is 2.3 Billion USD. 

Atsushi Horiba, Chairman and Group CEO, HORIBA Ltd, expressed “The HORIBA India Nagpur Facility marks a significant milestone in furthering Indo-Japanese business relations and our journey towards contributing to India’s Bio and Healthcare sector and commitment to Make in India. This facility is a testament to our dedication to innovation and excellence. We aim to not only manufacture world-class medical equipment locally but also to provide comprehensive training and development through the HORIBA India Technical Institute.”

Spanning an impressive 50,000 square meters, the Nagpur facility is equipped with advanced capabilities for producing blood diagnostics, clinical chemistry equipment, and medical consumables (reagents). The Nagpur facility includes the HORIBA India Technical Institute, providing biomedical education programs in collaboration with Nagpur University, and the HORIBA Experience Zone, displaying a comprehensive array of HORIBA healthcare equipment. Additionally, it houses an international training center and a central warehouse. Currently employing 100 personnel, the facility anticipates nearly doubling its workforce over the next five years.

Dr. Jai Hakhu, Board of Directors, HORIBA Ltd., Japan and Chairman, HORIBA India said, “The facility will play a crucial role in reducing turnaround time and minimizing costs by promoting local production, thus supporting the Government’s initiative to enhance Make in India and Self-Reliance. It also aims to evolve into a one-stop solution for India, initially catering to the Bio & Healthcare segment, with future plans to expand into the Materials & Semiconductor and Energy & Environment sectors. It will also serve as the export hub to neighbouring countries starting with the target of 50% localization, eventually, the company is looking at around 80-90% of localization of products”.

Dr Rajeev Gautam, Corporate Officer, HORIBA, Ltd., Japan and President, HORIBA India, “HORIBA’s investment in this facility underscores our commitment to supporting India’s Make in India and Atmanirbhar Bharat initiatives, and we are proud to be a part of the nation’s growth story. HORIBA has always strived to bring technologically innovative solutions to the Indian market to meet the flourishing business avenues India has offered. The Nagpur facility is just the beginning of our long-term vision to expand our presence in India across various sectors.”

The inaugural event, themed “Celebrating HONMAMON” was graced by Union Minister Nitin Gadkari and Deputy Chief Minister of Maharashtra Devendra Fadnavis.