Speaking at the press conference V.S. Karunakaran, MD, ICMPL said, "We are extremely happy to partner with Nishiura, a company globally known for its high precision, quality & technological advancement in the field of automotive components, specialized machine manufacturing and complete automation.

"A first of its kind joint venture by a Japanese company with an Indian small Industries  in the component manufacturing segment, this partnership will not only integrate Nishiura's technology with ICMPL's manufacturing capabilities to mutually benefit each-others blue chip clientele, but also will contribute to India's rapidly growing automotive sector."

"With a planned investment of Rs 10 crore during the first year, We at ICMPL, propose to send 10 of our present workers to Japan for training in special skills, who on their return will train 100 new recruits for the new company. This will be followed by 10 more from the new batch visiting Japan for special skills training. With the proposed first production beginning from December 2015, we foresee 2 lakh component production per month by working across three shifts and with 25 crores of proposed outlay by the third year, we look forward to reaching  5 lakh per month production with 100 more employees" he added.

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