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Pragati Automation to begin work on tools turrets project by July 2020

Tuesday, 24 Mar 2020
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Pragati Automation is planning to set up tools turrets, automatic tool changers and chucking cylinders manufacturing unit at Vasanthanarasapura in Tumkuru district of Karnataka.

The project worth Rs 100 crore will spread over 10 acre of land. It will generate employment for 129 persons. The cost will be funded through bank loan.

In March 2019, the State Level Single Window Clearance Committee (SLSWCC) approved the project. Pragati Automation was allotted five acre of land and applied for additional five acre land. The work on the project was expected to commence by November 2019.

As per information available with Projects Today, Pragati Automation is awaiting machinery from China. The work on the project is expected to commence by July 2020.

 
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