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Addverb to expand robots manufacturing by 10 times in next financial year

Published by :The Economic Times

12th Sept 2021

Robotics and automation firm Addverb plans to expand its robot manufacturing unit in India to boost its output by around 10 times in the next financial year, a senior company official said. The company has announced the start of international operations in Singapore, Australia, Europe and is looking to start operations in the US before the end of the ongoing calendar year.

“Addverb is looking to expand its manufacturing capability and is looking to create the world’s largest robot manufacturing facility in India which will expand Addverb’s capabilities by almost 10 times by next financial year,” Addverb Technology CEO Sangeet Kumar told PTI.

The company has a manufacturing unit in Noida which was inaugurated in March with capacity to manufacture more than 50,000 robots of varied types in a year.

 

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