On Friday, electrification and automation company ABB India announced an investment of Rs 1,000 crore in the country over the next five years.

The company, which opened a new factory in Nashik on Friday, will invest the funds to increase capacity across the country, the company’s country head and managing director Sanjeev Sharma said in Nashik.

According to him, ABB India plans to invest Rs 1,000 crore in capacity expansion over the next five years.

A statement said its new 78,000-square-foot facility would help double gas-insulated switchgear (GIS) production capacity.

The new facility will manufacture primary and secondary GIS. It says it will serve power distribution, smart cities, data centres, transportation (metro, rail), tunnels, ports, highways and other infrastructure developments.

It deploys advanced robotics for manufacturing, connects people, processes and assets, and can relay real-time data to improve productivity. The company has also introduced eco-efficient switchgear.