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NRI, UK industrialist Lord Swraj Paul, owner of Caparo group


NRI industrialist Lord Swraj Paul Swaraj Paul of Caparo to invest $68 million in Tamil Nadu


London, March, 08, 2007
Darshan Singh

NRI Lord Swaraj Paul's Caparo group (The Caparo Vehicle Products India Pvt Ltd) 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.

This manufacturing plant will be set up at Oragadam in Kancheepuram district and will creat more than 2500 jobs. Capro have this 3rd investment in the State. First auto component plant at Sriperumbudur was established with the investment of $90 million.

Caparo group chief executive, Angad Paul told reporters in Chennai, "Caparo India is also keen to enter the Indian aerospace sector and we are trying to attract aerospace customers by exporting to them. Our ultimate goal is to bring aeroplane manufacturers to India."