Vadodara: Indian multinational and Cryogenic Liquid Storage, Distribution and Re-Gas solutions provider, INOXCVA, has commenced the construction of its latest manufacturing facility at Savli in Vadodara. 

The green-field project, spread over a land parcel of 30 acres, would take shape as India’s largest cryogenic equipment manufacturing facility with the ability to fabricate over 20,000 MT per year of Stainless Steel equipment. The new facility will also produce more than 2500 cryogenic equipment every year, doubling the cryogenic equipment manufacturing capacities of the entire cryogenic industry in the country.

The groundbreaking ceremony was presided over by Siddharth Jain, Director – INOXCVA, marking the beginning of the project. The ceremony follows the signing of Memorandum of Understanding (MoU) that INOXCVA signed with the Government of Gujarat on 20th February, 2023, in the presence of CM Bhupendra Patel.

Commenting on this Siddharth Jain said, “This state-of-the-art plant will usher in a sizeable investment of Rs 200 Cr and generate numerous employment opportunities in the state, while ushering in an inclusive economic growth for the region.” DeshGujarat