New Delhi, 21st November 2021: With India emerging as a top contender in attracting foreign investments in the manufacturing and business sector post pandemic, the government has renewed focus on Indian manufacturing and its Make in India initiative has gained further traction, potentially promoting India’s dream of becoming Asia’s next superpower. Under the initiative HONGYI JIG Rapid Technologies has planned to expand its base across the country, especially during this Festive season where the manufacturing sector is growing in leaps and bounds.
The company based out of New Delhi provides industrial Product design, Reverse Engineering tool design, Rapid Prototyping, Mock ups, Manufacturing of Stamping dies, injection molds, Rubber molds, PDC molds and batch productions. The Key functions are – Part Engineering, Tool Engineering, Project Management, Tooling’s, Trials and Testings, Commissioning and Installations.
With an investment of around Rs 4000 Cr, 4500 + Moulds Product and 800 + Clientele, Hongyi Rapid Technologies is a joint venture of brains and technology from Hong Kong and India. They deliver premium quality Injection Moulds, Pressure Die, Casting Tools, Sheet Metal dies, Rubber moulds and batch productions.
Mr. Jagdeep khattar MD Hongyi Jig Rapid Technologies said “In light of the new policies by the government for Mergers and Acquisitions, Atma Nirbhar Bharat Abhiyaan, they are considered to be best for the Indian companies who want to go ahead with the government initiatives and promote local manufacturing. When it comes to know the reason why Hongyi Jig Technologies, he gives credit to 4 aspects at Hongyi i.e. Local Engineering, Project Management, Quality and Integrity and Punctual Delivery.Some of the product categories that we would be focusing during our expansion will be Appliances, Commodities, Automotive, Furniture and Enclosures “adds Mr. Jagdeep Khattar.
Nonetheless, the newly launched Atma Nirbhar Bharat Abhiyaan and Vocal for Local has been like a breath of fresh air for Indian manufacturers. We are in the process of expanding our company and take it to a national level starting from Northern India. My wish is also to have a service centre of Hongyi Jig at all centers in India, ultimately it will boost local markets and generate employment opportunities as well. Our target areas are in the industrial belt where industries are developed and production takes place” adds Soniya Khattar CEO Hongyi Jig Rapid Technologies.
