Sridevi Tool Engineers, one of India’s leading mould makers, announced the inauguration of its new facility in Chakan, Pune. The state-of-the-art plant is equipped with cutting-edge 5 & 6-axis CNC machines and latest software, poised to bolster Sridevi Tools’ production capabilities.
Akshay Kalyanpur, Director of Sridevi Tool Engineers, said, “The inauguration of our new facility marks a significant milestone for Sridevi Tools. This expansion will not only enhance our production capacity but also bring us closer to our customers, many of whom are based in Pune. “With this new facility, we will efficiently address our Pune-based customers’ ECN-related queries, resulting in better service and shorter lead times.”
India’s tooling industry is experiencing rapid growth, fueled by significant foreign direct investments (FDIs) pouring into the country. The automotive sector, in particular, is witnessing promising growth, with a notable trend towards localization among auto OEMs. This trend is expected to further stimulate demand for Indian toolmakers.
Commenting on the broader Indian tooling industry, Akshay remarked, “The Indian tooling industry is poised for substantial growth, driven by favourable market conditions and increasing demand from various sectors. As a key player in this industry, Sridevi Tools is committed to contributing to its growth trajectory.”
Established in 1972, Sridevi Tool Engineers specializes in design, development, and manufacturing of plastic injection moulds for a diverse range of industries, including automobile, white goods, luggage, and engineering. With a reputation for excellence and decades of expertise, Sridevi Tools stands as one of the largest commercial tool rooms in India.
The inauguration of the new facility underscores Sridevi Tools’ commitment to innovation, quality, and customer satisfaction, positioning the company for continued success in the dynamic landscape of the Indian tooling industry.
