Bajaj Electricals Expands Horizons with New Manufacturing Unit and UAE Subsidiary

Bajaj Electricals Ltd is poised for significant expansion with two major initiatives. The company plans to set up a new manufacturing unit in India with a capital expenditure of ₹3 billion. This move aims to enhance its domestic production capabilities and meet growing demand for electrical products. Additionally, Bajaj Electricals will establish a wholly-owned subsidiary in the UAE, marking its entry into the Middle Eastern market. This strategic move will help the company tap into international markets and leverage the UAE's strategic location for exports. Both initiatives underscore Bajaj Electricals' commitment to growth and diversification.

Source: Business Standard, Moneycontrol, The Hindu BusinessLine