October 11, 2008

Caparo targets manufacturing zone of Madras

It is reported that Caparo Group is to inaugurate a GBP 40 million metal engineering plant in Chennai next week, marking completion of the first stage of its GBP 100 million expansion plan in India.

The 120 acre site, on which construction began 18 months ago, already produces sheet-metal components for the global car industry. Clients include Volvo, Ford, TATA Motors and Maruti Suzuki. It also makes commercial tools. A forging facility should become operational next month and the entire plant fully commissioned by the middle of 2008.

The plant will employ about 2,000 people and is the group’s biggest single investment in India. Caparo has 12 facilities in India and is to open 16 more.