MRF to set up plant in Gujarat
MRF will set up a Greenfield manufacturing plant in Gujarat, according to a media report.
If everything goes right, India’s largest tyre company is in advance talk with state-government officials will be the third company to have a plant in Gujarat, said Economic Times.
Citing senior government officials, the report said, “”The company is currently scouting for suitable location and it is likely to park its project in Bharuch,” said senior government officials privy to the development.”
MRF will invest Rs4,000 crore for the plant, which will initially have a production capacity of one million tyres per month.
As the company has embarked on an expansion drive, it is seriously looking at Gujarat and has sought nearly 400 hectares of land from the government,” said another top government official said the report.