NRI,
UK industrialist Lord Swraj Paul, owner of Caparo group |
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NRI Lord Swraj Paul acquired
100 acres in Haryana for six new engineering ventures
London, Aug. 04,2007
Darshan Singh
NRI Lord Swaraj Paul entrepreneur of Caparo Group has acquired
100 acres of land in Bawal in Haryana, about 70 kms from Gurgaon
for the development of six new engineering plants. These plants
will support the growth of automotive including Honda Cars, Honda
Scooters and Motor Cycles, Hero Honda, Swaraj Mazda and New Holland
Tractors.
- The total investment will be over 500 crores
- Will hire over 2000 people to run these two stamping plants.
- To develop a s braking system facility and a suspension system
facility which will support OEMs
In India, Caparo's Group is focused to manufacture components
of automotive that include forgings, tubing and tubular components,
pressings, fasteners and aluminium castings
In March, 2007, Caparo signed a memorandum of understanding (MoU)
with Tamil Nadu government to invest $68 million in manufacturing
parts, composite materials, testing units, fasteners, tubular
and braking systems for vehicle and aerospace.
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- About 50 plant sites in the UK, India, north America, Spain
and Poland.
- Turnover of 1.5 billion dollar.
- Interest is in the manufacture of steel, automotive and engineering
products, hotels, film distribution
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