Reliance-backed Addverb to set up robot unit in India

New Delhi: Leading homegrown robotics company Addverb Technologies on Tuesday announced to set up the world’s largest manufacturing facility in Noida, as Reliance Industries Limited (RIL) pumped $132 million in the company recently.

Spread over 60,000 sq m, the new plant will create highly-skilled job opportunities and lead to direct and indirect employment for over 3,000 people.

Ten times bigger than the current manufacturing facility called Bot-Valley in Noida, the new factory will position the company as the largest manufacturer of robots in the world and will provide capacity for new growth opportunities, the company said in a statement.

“This brand-new facility will make Addverb a giant robot manufacturer on global fronts, by delivering cutting edge software and robust hardware systems, along with a mix of innovative fixed and flexible automation solutions,” said Sangeet Kumar, Founder-CEO, Addverb Technologies.

The announcement comes on the heels of Reliance Industries Ltd (RIL) investing up to $132 million in the company to enable Addverb set up the biggest robotic manufacturing facility at a single location.

The facility will be able to manufacture up to 60,000 robots per year of different specifications and categories.