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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.

 

• 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