Inspira Realty, a real estate development company under Inspira Global, has announced the addition of NIFCO India Pvt. Ltd. to its flagship industrial and warehousing development, Inspira City, located in Shendra MIDC, Chhatrapati Sambhaji Nagar.

As part of the agreement, NIFCO India has secured a long-term lease for an industrial plot measuring 2,23,561 sq. ft. The site will house the company's fourth manufacturing facility in India, strengthening its production network and supporting future growth plans in the country.

Headquartered in Japan, NIFCO Inc. is a globally recognised manufacturer of plastic fasteners, clips and functional components for the automotive industry, with operations in more than 30 countries. In India, the company serves as a key Tier-1 supplier to leading automotive OEMs. The new plant is expected to enhance its manufacturing capabilities and help meet the growing requirements of India's expanding automotive sector.

The development is also a significant milestone for Inspira City, with NIFCO becoming the third Japanese company to establish operations within the industrial park. The addition follows the presence of NHK Springs Co. Ltd. and Aisin Automotive India Pvt. Ltd., further strengthening the park's reputation as a preferred destination for global manufacturers.

Aayush Madhusudan Agrawal, Founder & Managing Director, Inspira Global, said, "NIFCO's decision to establish its fourth India facility at Inspira City is a strong endorsement of the infrastructure and ecosystem we are building. Beyond the transaction itself, we are particularly encouraged by the growing interest from Japanese manufacturers, who are among the world's most demanding industrial occupiers. Their presence validates our vision of creating a globally competitive manufacturing destination in the heart of Maharashtra."

Uday Shankar, MD, NIFCO India, said, "India continues to be a strategically important market for NIFCO, driven by the sustained growth of the automotive sector and evolving customer requirements. The establishment of our fourth manufacturing facility reflects our commitment to strengthening local production capabilities and supporting our OEM partners more effectively. Inspira City's infrastructure readiness, strategic location, and connectivity made it a compelling choice for our next phase of expansion in India."

The latest agreement adds to a growing list of investments at Inspira City, which continues to attract both domestic and international companies from sectors including automotive, engineering, logistics and allied industries. With several land parcels currently under discussion, Inspira Realty remains focused on supporting Maharashtra's growth as a leading industrial and manufacturing investment destination.