Addverb Technologies to setup the worlds largest manufacturing facility, at a single location, in Greater Noida
Addverb Technologies aims to construct the world’s largest robotic complex, in addition to achieving its target of successfully increasing the company’s size over the next decade. The company is in the process of setting up a new factory, which will cost $ 0.06 billion and will span over 13 acres. This new factory is positioned to be the world's largest robotics manufacturing facility at a single loction, with the potential to employ over 3,000 people. Aligning with the Prime Ministers vision of Atmanirbhar Bharat the company plans to export 60 per cent of its products, making it a global Make in India success story. Invest India’s Construction and Uttar Pradesh teams worked in tandem to identify land parcels in the state of UP (in proximity to the company’s current facility). Our team assisted the organisation in securing necessary regulatory approvals in an accelerated timeframe through multiple meetings with relevant authorities including ACS-Industries (UP), GNIDA, and Invest UP. Further, the process of site selection, government meetings, land parcel applications, incentive application and allotment letters were all aided by Invest India.