New Delhi, India – Indian parts developer Plastic Component Industries (PCI) has announced that they working with the Ontario government to set up its first international manufacturing facility in the province, according to a press release from Wednesday.
PCI announced the decision during Ontario’s Minister of Economic Development Vic Fedeli’s virtual trade mission to India.
The company plans to invest $4 million into the facility, expected to create 80 jobs over the next three years according to the press release, where PCI will manufacture a variety of automotive parts, expanding the company’s product development into the North American market.
As of yet, a firm commitment has yet to be made on the location of the facility, however, a media spokesperson for PCI was able to confirm what direction the company is heading in Ontario.
“It will probably be Mississauga that we are looking to. We’re working with the government of Ontario on the rest of the details. It’s in the process right now,” the company representative told Collision Repair.
PCI’s move into Canada offers benefits on both sides of the deal, with PCI aiming to join the country’s well-established auto sector, which in turn has been suffering from a lack of domestic manufacturing work over the past years.
“We are thrilled to be a part of one of the most stable, innovative and welcoming [industry] ecosystems. We realized that this ecosystem has all the key ingredients and support from the government for our business to flourish and succeed,” said Nirantar Kumar Dhupar, managing director for PCI.
Minister Fedeli continued, speaking to the importance of bringing international manufacturing work to Ontario.
“We are thrilled with PCI’s decision to open their first international facility in Ontario. The province’s automotive industry is second to none, allowing investors to plug into our innovative ecosystem, premier talent pool, and award-winning manufacturing sector. This announcement highlights the importance of building relationships around the world, especially during a time of global uncertainty. Our virtual trade and investment mission to India reinforces our commitment to creating economic opportunities for both Ontario and India today and well into the future.”
