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Bonfiglioli Transmissions to set up plant near Chennai

Bonfiglioli Transmissions, an Italian company is planning to invest around Rs 750 million at its existing plant in Chennai to capture 16% more of gearbox market. Currently, the company manufactures yaw and pitch drives for windmill application in India. Apart from this it caters to industries like machine tools, pharmaceutical, sugar, cement and construction. It plans to focus on industries such as textiles, conveyors used industries like automobile, road construction and others.

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