JK Tyres plans Rs 476 crore expansion at Mysore plant

J K Tyres and Industries Ltd is planning to expand the production capacity of truck and bus radial tyres at an investment of Rs 476.5 crore at its Mysore plant in Karnataka. The Karnataka government has recently approved the company’s proposal to expand the capacity.

Once the expansion programme is completed, its capacity will go up to 1.06 million tyres from the present 367,000 tyres per annum. The company has indicated that it will provide fresh employment to about 484 persons.

Earlier, the company had proposed to increase the capacity to 800,000 tyres per annum from 367,000 tyres at an estimated cost of Rs 315 crore. Subsequently, the company revised its expansion programme for a capacity of 1.06 million tyres at an additional Rs 156 crore investment and submitted a fresh proposal to the state high-level clearance committee (SHLCC) to consider it as a single expansion programme.

Recently, the state government approved the company’s proposal and accorded approval, subject to fulfillment of certain conditions including environmental clearance from the state pollution control board and ministry of environment and forests.

The state government has asked the company to prepare a plan for development of human resources required for the project, train local people and provide employment to these trained local youth and comply with the provision of industrial policy of the state government.

According to a government order, the company has been asked to give employment to the family members of the land losers, one for each family as far as possible.