The Tamil Nadu government cleared JK Tyre’s proposal for setting up a new production facility in the state, which would attract around Rs 1,600 crore investment. The new facility was expected to generate around Rs 2,000 crore revenue in 2013-14, according to company officials.

The company also said it was investing Rs 150 crore in Karanataka for expanding its production capacity in truck radials.

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New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15%

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