A Rs 75 crore robots manufacturing facility in Noida

Addverb Technologies inaugurated its Bot-Valley, a robot manufacturing facility in Noida. Spread over 2.5 acres of land, this new manufacturing unit is equipped with the best-in-class electronics and mechanical machines and has a capacity to manufacture more than 50,000 Robots of varied types in a year. This one-in-a-kind manufacturing hub will employ 450 workforce and provide equality and empowerment to both men and women.

Addverb claims it intends to create a self-sustaining ecosystem for the robotics industry in India that can also export innovative products & disruptive technology solutions to the world. Mr. Amitabh Kant, CEO, NITI Aayog facilitated the event as a chief guest and inaugurated Bot-Valley.

Present at the occasion, Mr. Amitabh Kant, CEO, NITI Aayog said, “The past decade witnessed precipitous changes spanning from the way of life to the technologies that emerged. We have entered a nascent paradigm shift (industry 4.0) where technology will help Addverb meet the growing needs and demand of the present business ecosystem. Robotics holds huge potential in streamlining the processes across industries right from retail to healthcare and from warehousing to supply chain.”

Addressing the occasion Mr. Sangeet Kumar, Founder and CEO, Addverb Technologies said, “This new facility will unleash the power of India on global fronts and will strengthen the overall robotics ecosystem of the country. Even with increased demand for automation, the penetration of robotics, especially in small and medium enterprises is still low in India compared to the global average. With the establishment of this world-class facility, we will be able to project India as a R&D epicentre of the world and share knowledge and encourage Indian manufacturers to embrace our game changing technologies and become best-in-class manufacturers for local and global markets.”