INDIAN AUTOMOTIVE MACHINING COMPANY WILL LOCATE NEW FACILITY IN LEE COUNTY

URLhttps://www.nccommerce.com/news/press-releases/ind
SourceNorth Carolina Dept of Commerce
Date Published09/17/2019
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Kalyani Precision Machining, Inc
Parent companyKalyani Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):156
Year reshoring announced:2019
Capital investment ($):43
Country(ies) from which reshored:India
City reshored to:Sanford
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredmachine shop
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Skilled workforce availability/training
Government Incentive dollar amount:1.5
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