Mumbai : SKF India (Industrial) Limited (NSE: SKFINDUS | BSE: 544572), a leading technology and solutions provider for industrial applications announced a ₹653 crore investment to establish a next-generation ‘Factory of the Future’ in Pune, Maharashtra.

Expected to be ready by 2030, this facility earmarks a significant step in further strengthening the company’s advanced manufacturing footprint in India, reinforcing its long-term commitment to digitalization, sustainability, and resilient supply chains.

Designed as a lean, clean, and digitally enabled manufacturing campus, the new plant is expected to significantly advance SKF India (Industrial)’s production capabilities while setting new benchmarks for efficiency, productivity, and sustainability.

Sujeeth Pai, Director- Manufacturing Operations, for India, Southeast Asia and Middle East (ISEAM), SKF India (Industrial) Limited said, “The planned ‘Factory of the Future’ in Pune reflects our conviction that India’s manufacturing moment is now, and SKF India Industrial intends to lead it from the front. Designed as a fully digital and sustainability-embedded facility, it represents a fundamental shift in how we manufacture by integrating intelligent systems, real-time insights, and energy-efficient operations to drive higher productivity, quality, and responsiveness. This is not just capacity expansion, it is about building resilient, agile, and globally competitive manufacturing capabilities anchored in India. By accelerating localization and strengthening supply chain resilience, we are sharpening SKF India Industrial’s competitive edge, reinforcing India’s rise as one of the world’s leading manufacturing hubs.”

The new facility is set to strengthen SKF India (Industrial) Limited’s long-term manufacturing strategy and build on its established presence in Pune. The facility will consolidate the company’s existing production channels while adding new channels, creating a scalable manufacturing backbone aligned with global best practices.

This move will enable SKF India (Industrial), to deepen its support across critical industries- including energy, railways, metals & mining, and other heavy industries, by enabling faster response times, and deeper localization at a time when India is rapidly emerging as a global hub for advanced manufacturing.

SKF India Industrial continues to combine science, engineering expertise, and smart manufacturing to help industries perform better with agility, efficiency, and scale.