Savli is poised to become a major hub of multi national companies (MNCs) in engineering and electricals. While biggies like Bombardier and ABB have announced expansion plans in the Gujarat Industrial Development Corporation (GIDC) estate in Savli, others like FAG Bearings and Voith Siemens have evinced interest in investing in the region. In all, Savli is expected to witness investments worth Rs 10,000 crore in the coming years.
Located around 10 km away from Vadodara, the small village of Savli will soon be house to several such MNCs in its 800 hectares huge industrial estate. Moreover, looking at the investments lined up in the region, the GIDC has also planned expansion of the area from 800 hectares to 1,000 hectares. “The amount of investments expected has forced us to expand the estate size from 800 hectares to 1,000 hectares," said Jayesh Rao, divisional manager, central Gujarat for GIDC.
The region has gained prominence since it falls on the Savli-Halol route of the Delhi Mumbai Investment Corridor (DMIC). Also, Savli has also been recognised as a location for Export Promotion Industrial Park (EPIP) which is proposed to be elevated to Special Economic Zone (SEZ). Even as the country gears up for metro rail projects under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Canadian rail equipment manufactuing company Bombardier Transportation recently expanded its railway vehicle manufacturing facility in Savli at an investment of Rs 200 crore. Spread across an area of 165,000 sq metres, the facility will produce railway vehicle including stainless steel carbody and bogie, apart from conducting final assembly activities. With a manufacturing capacity of 24 metro rail cars per month, the plant will be the only supplier to Delhi Metro Rail Corporation (DMRC).
Similarly, energy player Thermax Limited is investing around Rs 1,000 crore in Savli to add substantially to its manufacturing capacity. German players Voith Siemens and R+B Filter GmbH will be investing around Rs 150 crore and 50 crore respectively for hydroelectric equipment manufacturing facility, and air-dust filtration facility, respectively. Aerzen Machines India Pvt. Ltd. a wholly owned subsidiary of Germany-based Aerzener Maschinenfabrik GmbH, is setting up a machine components facility at an investment of Rs 200 crore. Among other companies setting up their shops in Savli include TDW India Ltd., Aster Teleservices Pvt. Ltd. and Amiantit, with investments worth Rs 100 crore, Rs 150 crore and Rs 1,000 crore being pumped in, respectively.