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Ashok Leyland plans to set up a facility in Jharkhand

The company is planning to invest around Rs 500 crore

T E Narasimhan  |  Chennai 

Ashok Leyland changes gear on brand refresh

Commercial vehicle major Ltd (ALL) is planning to set up a new facility in This will be the first from a major company in the state, which has identified the sector as one of the key drivers to make it one of the industrial hubs in the country.

The government and company did not comment about Sources said the company may look at an of around Rs 500 crore to start with. 

Sanjay Kumar, principal secretary to the chief minister of Jharkhand, confirmed the development and said senior members of the family, which run the company, met the Chief Minister and held discussionsHe did not share more details.

The company has manufacturing footprints spread across the globe with eight plants, including one at Ras Al Khaimah (UAE).

In India they have two facilities in — Ennore and Hosur — and one each in Bhandara (Maharashtra), Alwar (Rajasthan) and Pantnagar (Uttarakhand).

The company is also planning to set up a plant in Telangana at an of Rs 500 croreThe plant will assemble buses and trucks.

The Group's flagship company is planning to set up small facilities for assembling the vehicles in various parts of the country and the plants in Telegana and are a part of this plan.
 
Jharkhand, which recently entered into the race to win investors confidence to attract investments has formulated 16 new policies, including and auto component policy.

Kumar said, is one of the key area of the state's focus considering the labour resources, raw material base and environment friendly policies.

The state has made a big leap of its own when it comes to ease of doing businessIt has risen almost from 29 to third position," Kumar addedThe summit attracted 210 memorandums of understanding worth investments of close to Rs 3 lakh crore according to the government data.

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Ashok Leyland plans to set up a facility in Jharkhand

The company is planning to invest around Rs 500 crore

Commercial vehicle major Ashok Leyland Ltd (ALL) is planning to set up a new facility in the state of Jharkhand. This will be the first major automobile investment in the State, which has identified the sector one of the key drivers to put Jharkhand as one of the industrial hubs in the country.While both Government and company did not comment about investment, sources said that to start with the company may look at investment of around Rs 500 crore and will later increase the investment based on the demand.Sanjay Kumar, principal secretary to the chief minister of Jharkhand confirmed the development and said that senior members of Hinduja Family met the Chief Minister and held discussions. He did not share more details.Company's spokesperson said "still in planning stage. Further details will emerge after due process of studying the market potential".The company has manufacturing footprint spread across the globe with eight plants; including one at Ras Al Khaimah (UAE).In India they ..
Commercial vehicle major Ltd (ALL) is planning to set up a new facility in This will be the first from a major company in the state, which has identified the sector as one of the key drivers to make it one of the industrial hubs in the country.

The government and company did not comment about Sources said the company may look at an of around Rs 500 crore to start with. 

Sanjay Kumar, principal secretary to the chief minister of Jharkhand, confirmed the development and said senior members of the family, which run the company, met the Chief Minister and held discussionsHe did not share more details.

The company has manufacturing footprints spread across the globe with eight plants, including one at Ras Al Khaimah (UAE).

In India they have two facilities in — Ennore and Hosur — and one each in Bhandara (Maharashtra), Alwar (Rajasthan) and Pantnagar (Uttarakhand).

The company is also planning to set up a plant in Telangana at an of Rs 500 croreThe plant will assemble buses and trucks.

The Group's flagship company is planning to set up small facilities for assembling the vehicles in various parts of the country and the plants in Telegana and are a part of this plan.
 
Jharkhand, which recently entered into the race to win investors confidence to attract investments has formulated 16 new policies, including and auto component policy.

Kumar said, is one of the key area of the state's focus considering the labour resources, raw material base and environment friendly policies.

The state has made a big leap of its own when it comes to ease of doing businessIt has risen almost from 29 to third position," Kumar addedThe summit attracted 210 memorandums of understanding worth investments of close to Rs 3 lakh crore according to the government data.
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Business Standard
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Ashok Leyland plans to set up a facility in Jharkhand

The company is planning to invest around Rs 500 crore

Commercial vehicle major Ltd (ALL) is planning to set up a new facility in This will be the first from a major company in the state, which has identified the sector as one of the key drivers to make it one of the industrial hubs in the country.

The government and company did not comment about Sources said the company may look at an of around Rs 500 crore to start with. 

Sanjay Kumar, principal secretary to the chief minister of Jharkhand, confirmed the development and said senior members of the family, which run the company, met the Chief Minister and held discussionsHe did not share more details.

The company has manufacturing footprints spread across the globe with eight plants, including one at Ras Al Khaimah (UAE).

In India they have two facilities in — Ennore and Hosur — and one each in Bhandara (Maharashtra), Alwar (Rajasthan) and Pantnagar (Uttarakhand).

The company is also planning to set up a plant in Telangana at an of Rs 500 croreThe plant will assemble buses and trucks.

The Group's flagship company is planning to set up small facilities for assembling the vehicles in various parts of the country and the plants in Telegana and are a part of this plan.
 
Jharkhand, which recently entered into the race to win investors confidence to attract investments has formulated 16 new policies, including and auto component policy.

Kumar said, is one of the key area of the state's focus considering the labour resources, raw material base and environment friendly policies.

The state has made a big leap of its own when it comes to ease of doing businessIt has risen almost from 29 to third position," Kumar addedThe summit attracted 210 memorandums of understanding worth investments of close to Rs 3 lakh crore according to the government data.

image
Business Standard
177 22