The Stanley Works, a US-based firm with a turnover of $4.5 billion plans expansion in Madhya Pradesh.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The hand tools maker has said it will shortly open its exclusive showrooms in Indore to strengthen its hold in tool distribution market in India.
</p><p class='TableClas'>&#34The plan is to target two industrial areas of Pithampur near Indore and Mndideep near Bhopal. Stanley also plans to facilitate Mhow, a key defence area in the state. 
</p><p class='TableClas'>In a statement to BS, Kuldeep Bhardwaj, general manager said, &#34Madhya Pradesh is a very important market for us and we are aggressively targeting the upcoming automobile and pharmaceutical industry which is in a becoming stage.&#34 
</p><p class='TableClas'>He also said, Stanley tools are the most cost-effective, since they are made of highest quality product. The continuous and fast growth of the Indian manufacturing and automotive repair business made this proposition apparent to our customer.
</p><p class='TableClas'>Stanley is an S&amp;P 500 company, and holds a record of continuous dividend payouts for 129 consecutive years. </P></p><p class='TableClas'></p></table>


Stanley plans expansion in Madhya Pradesh

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