NRI
Swraj Paul's Caparo Group to add six new ancillary
plants
New Delhi, August 17, 2005
PTI
NRI industrialist
Lord Swraj Paul said he is "very bullish"
about India and his Caparo group is planning to add
six new auto ancillary plants in the country in the
coming months.
"At the moment the opportunities in India are
fantastic and the best thing about this country is
that it has a Prime Minister now who is of high integrity
and most importantly someone who maintains his integrity,"
Paul said in an interview to fortnightly magazine
Business & Economy.
"I think India can be a competitive manufacturing
country, a sector which the country ignored after
its success in the financial and IT sector,"
he said.
The Caparo Group is already running four plants in
India, Paul said adding six plants are coming up.
The plants here cater to the needs of Honda, Maruti,
General Motors, Ford and Volvo amongst others.
With business interests in steel, auto components
and ancillary and movies of late, the Caparo Group
is today a 1.3 billion dollar group spread across
Britain, Spain, US, Canada and India.
Justifying his investment plans in India, especially
in comparison to China, Paul said, "India can
surely be a competitor to China as well as supplement
that country."
In UK, his plants are into a much larger variety
of steel production facility employing 4,500 people.
The group is the largest single-owner business in
Britain.
The group, in UK, is into hotels, IT and high value
designer furniture.
