Cattini Group, the renowned Italian multinational corporation, has joined forces with Prime Minister Shri Narendra Modi’s ‘Make in India’ initiative by making a substantial investment in a state-of-the-art manufacturing unit located in Pune’s Sanaswadi area. The newly inaugurated facility, boasting a multimillion-dollar investment, is exclusively geared towards the production of various machinery components, including gears, shafts, and synchronisers. Operating under the banner of Cattini Power Transmission Pvt. Ltd.
This advanced manufacturing hub underscores the group’s commitment to contributing significantly to India’s indigenous manufacturing capabilities. During the inaugural ceremony, Lorenzo Cattini, Chairman of Cattini Group, expressed that the venture was anticipated to bring economic stability to the region. In its initial phase, the company aimed for a turnover of Rs 45 crores, with a projected Phase 2 turnover of Rs 250 crores within three years. Looking ahead, Cattini India envisioned achieving a substantial turnover of Rs 650 to 700 crores within five to seven years. Massimiliano Bennici, Director of Cattini Group, emphasised the strategic importance of this investment, marking Cattini’s entry into the Indian market and signifying a crucial step in their growth strategy to expand across the Asia-Pacific region. The new facility not only promises employment opportunities but also positions Pune as a significant manufacturing hub. Thomas Mathew, Director at Alcor Cross Border M&A Pvt. Ltd., underscored Alcor’s pivotal role in structuring, planning, and executing the transaction, as well as in establishing Cattini’s manufacturing facility in the Indian market. Alcor’s M&A expertise and strategic advisory role are poised to contribute to the remarkable success of Cattini’s debut in the Asian market. Cattini Group’s strategic decision to establish a robust manufacturing presence in Pune aligns seamlessly with the ‘Make in India’ vision, emphasizing the global recognition of India as a key player in the manufacturing sector. The investment not only signifies a pivotal moment for Cattini Group but also brings substantial growth prospects to Pune’s industrial landscape. In expressing his enthusiasm for this transformative venture, a company official commended the collective efforts of the team and extended gratitude to Alcor, the entity instrumental in turning the vision into reality. The official acknowledged Alcor’s relentless dedication to adapting Cattini’s advanced gear manufacturing model for the Indian market, emphasising that the investment is a testament to Cattini Group’s confidence in India’s manufacturing prowess.
The establishment of Cattini Power Transmission Pvt. Ltd. in Pune is poised to elevate the region’s manufacturing capabilities and contribute to the overall economic growth of the country. As Cattini Group embraces the ‘Make in India’ ethos, this strategic investment reinforces the significance of international corporations recognising India’s potential as a manufacturing powerhouse and actively participating in its growth story.
