Ace Manufacturing Systems will start work on a vertical and horizontal machining centre manufacturing unit at Phase-III, Vasanthanarasapura Industrial Area in Tumkuru district of Karnataka, in November this year.
The investment for the unit will be Rs 150 crore, which will be funded through bank loan. The project will spread over 19 acre of land parcel.
According to a report in Projects Today, land acquisition was underway for the project. The State Level Single Window Clearance Committee (SLSWCC) has approved the project.
Ace Manufacturing Systems is one of the largest CNC machine tool builders in India.
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