Nichrome invests Rs 5 cr in R&D center

Nichrome India Limited, a packaging machinery manufacturer and a player in VFFS machines in India has set up its own research and development centre which is having apacity to house 150 people and investment of Rs  5 crore and will add more Rs 2 croe for the equipments.

The new R&D center includes the complete Engineering and Design facility with hi-tech 3D modeling software, parametric design and product data management facility.

The new facility has a training center for conducting customer training programs, a pouch and brand gallery.

The new facility is also equipped with a product and pouch testing laboratory.

“The packaging industry is one of the most rapidly growing industries and has scope for constant improvement, this lead to the vision of setting up an extensive R& D facility. We are confident that this facility will help Indian packaging industry to reach new highs and add a ‘plus factor’ to it,” said Harish Joshi, managing director, Nichrom India Ltd.

Nichrome is focusing agricultural packaging sector and expanding its base across India. Over 80 per cent of the seed packaging in India is done using Nichrome Machinery.

In every season (Rubby/Kharif) Nichrome machines manage to pack around 5 crore pouches.

It holds 25 per cent market share of the packaging manufacturing machinery business.