Industrial Automation Magazine India

The Government of Karnataka has committed to providing necessary administrative support, including permits and incentives. 

Seoul, South Korea, July 2024 – DN Solutions plans to make a Rs 600 crore plus investment by 2030 in Bengaluru, India, to establish a new factory and R&D centre.

Known as a leading global brand for machine tools in India, DN Solutions' CEO, Wonjong Kim, recently met with S Selvakumar, Principal Secretary of Industries for Karnataka, India.

This meeting took place at Lotte Hotel Seoul in South Korea on Tuesday, July 2nd, where they signed a Memorandum of Understanding (MoU) to formalise the investment agreement.

Karnataka Minister for Large and Medium Industries and Infrastructure Development MB Patil, along with S Selvakumar, Additional Chief Secretary, Karnataka Department of Industries and Commerce, and Gunjan Krishna, Commissioner for Industrial Development and Director of Industries and Commerce, attended the MoU signing event with DN Solutions CEO WonJong-Kim.

Under the MoU, DN Solutions will invest approximately Rs 600 crore plus by 2030 to construct a new manufacturing facility and research hub in Bengaluru. The Government of Karnataka, in turn, has committed to providing necessary administrative support, including permits and incentives.

The MoU signing ceremony was attended by key dignitaries including M. B. Patil, Karnataka's Minister for Large and Medium Scale Industries, Infrastructure Development, Amit Kumar, the Ambassador to Seoul and Ramesh Vishwanath Iyer, President of the Indian Chamber of Commerce (ICCK) in Korea.

Mr Patil was in Korea as part of a state government initiative to attract investments to Karnataka.

Located on a site spanning approximately 100,000 sq.m within an industrial park near Bengaluru, the new facility is expected to be operational by 2026.

This strategic investment aims to enhance accessibility to DN Solutions' high-quality products in India, streamline order fulfillment times, and cater more effectively to the specific needs of Indian customers.

DN Solutions first established its presence in India in 2008 with the opening of a technical center in Bangalore. Earlier this year, the company introduced the SVM 4100i machining center tailored to the local market, which has received positive feedback.

Kim, the CEO of DN Solutions, expressed confidence in India's competitive manufacturing capabilities, emphasising its status as a key emerging market for the company's future growth. He reaffirmed DN Solutions' commitment to meeting the demands of Indian consumers by continually developing and launching localised product models. 

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