|
| Cummins India to launch new plant for exports |
| Pravda Godbole / Mumbai/ Pune Sep 01, 2010, 00:16 IST |
|
Auto-component major Cummins India will begin construction shortly on a new plant for export in markets like UK, Europe and USA, senior officials from the company told Business Standard.
Cummins India announced in June this year that it will invest $300 million to set up four facilities, including an engine manufacturing unit, in India over the next five years at Phaltan in Maharashtra. Accordingly the company’s four plants are underway out of which three will be operational by last quarter of this year and one will start operations by the first quarter of 2011.
On this manufacturing site, one facility will be an engine manufacturing unit for Tata-Cummins (a joint venture partner) for Tata Motors as well as for Cummins' customers, while another one will be for high horse power engines built by Cummins. The third facility will take care of engines and components also built by the company and the last one will be a parts distribution centre involved in getting and assembling components for supply to facilities at Phaltan and the market at large.
The new plant, also at the same location, is currently only in the design stage and construction will begin soon for the same which will take care of exports. It will be involved in power generation equipment and also work on supply to the close-to-site SEZ (special economic zone).
The company will spend close to Rs 700 to 1000 crore this year on some of these projects, officials added.
|
|
|
|
|
|
|
|
|
|
 Read Business news in |  |
|
|
|
|
|
|
Advertisements |
|
|
|
|
|
|
|
|
|
|
Content Guide
