Bonfiglioli Transmissions, the Indian subsidiary of Bonfiglioli Group, a global leader in power transmission and drive solutions, celebrated a significant milestone with the foundation stone laying ceremony for its new Industry and automation facility in Cheyyar, Tamil Nadu and the inauguration of its Technology and Innovation Hub in Chennai.The 25-acre Cheyyar plant, scheduled to commence operations by 2025, reinforces Bonfiglioli ‘s commitment to the 'Make in India' initiative and solidifies its position as one of India's largest gearbox manufacturers. The facility will feature state-of-the-art machinery, create 150-200 job opportunities, and cater to growing domestic demand for heavy-duty industrial gearboxes. The company’s latest investment is a strategic continuation of its previous year’s investment in Pune, expanding its manufacturing capabilities for light and medium duty industrial gear boxes.Bonfiglioli's new Global competence centre, The Bonfiglioli Technology Space in Chennai, represents another milestone in the global Bonfiglioli innovation ecosystem, housing 180 engineers with diverse expertise. The centre will also house testing laboratories that could be used to simulate real field working conditions.Sonia Bonfiglioli, Chairwoman, Bonfiglioli S.p.A., said, With a targeted turnover of ₹19 billion by year-end, Bonfiglioli is poised for another significant growth in India. This strategic expansion reinforces our commitment to innovation and excellence. Together, these initiatives will create significant employment opportunities and bolster our presence in the region, paving the way for sustained growth and increased local market competitiveness.Kennady V. Kaippally, Country Manager, Bonfiglioli India, added, The Cheyyar facility and Bonfiglioli Technology Space position us to cater to growing local demand and meet the need for innovative solutions. Our investment in cutting-edge technologies and talent strengthens our leadership position and contributes to India's industrial development.About Bonfiglioli India Bonfiglioli Transmissions, is the Indian subsidiary of Bonfiglioli Group. Established in 1998, it has manufacturing units at Chennai and Mannur focussed on making gearboxes and gearmotors for mobile machinery, wind turbines and industrial processes.With high-tech, smart production and superior solutions, backed by a global R&D centre, test lab and far-reaching service network, the company caters to the growing, evolving needs of India.About Bonfiglioli Group The Bonfiglioli group serves more industries and applications than any other drives manufacturer and is a market leader in many sectors; its three business areas - Industry and automation solutions, mobility and wind industries, Selcom Group - embody all the expertise and experience acquired over the years in the respective industries. Established in 1956, it operates worldwide in 80 countries with 23 commercial sites, 18 production sites, a wide distribution network comprising over 550 partners and can count on over 4.700 professionals. Excellence, innovation and sustainability are drivers behind its growth as a company.(Communication by the management of the company)