14 .05 .2026
COFIDES and the Basque Institute of Finance are driving NBI's expansion in India
A $2 million deal that will complete a new NBI Bearings production plant in the Asian country
COFIDES and the Basque Finance Institute (IVF) have carried out a joint operation to support the international growth of NBI Bearings Europe. Each institution will contribute €1 million, which will enable NBI Bearings to complete its new production plant in India. The operation falls within the framework of the collaboration agreement between COFIDES, the Basque Finance Institute, Elkargi, and Basque Trade & Investment.
The investment will allow NBI to acquire the remaining 35% of the shares of its Indian subsidiary, thus reaching 100% ownership and completing the investment project initiated several years ago. The new production plant, equipped with advanced industrial technology, will strengthen the company's operational capacity in a market with high growth potential and will contribute to increasing exports from Spain. NBI, specializing in precision bearings and metal components, has approximately 350 employees and a presence in Europe, Asia, and the Americas.
COFIDES' Corporate Investment Director, Miguel Ángel Ladero, highlighted the continued institutional support: “In recent years, we have supported NBI Bearings in various projects, and we are very pleased to continue contributing to its growth and consolidation in international markets.” For his part, NBI's Chief Financial Officer, Javier Raya, emphasized that “this transaction represents a decisive step in our international growth strategy, strengthening our industrial capacity in a key market like India and moving towards a model of greater autonomy and operational control.”
The Director of Investments at the Basque Finance Institute (IVF), Aritz Beistegui, noted that the transaction reflects the agency's commitment to supporting Basque industrial companies in their international expansion processes, emphasizing that “at the IVF, we continue to promote the internationalization of Basque businesses through financial instruments tailored to the needs of each project.” The initiative falls within the framework of the collaboration agreement between COFIDES, IVF, Elkargi, and Basque Trade & Investment to coordinate financial instruments that facilitate the international establishment of Basque companies.
Read the news on the COFIDES website
