Top News

|  Cochin Port to commemorate arrival of 1st vessel  |    |  CONCOR to start train service from ICD Agra to Mundra Port  |    |  Korea seaport cargo up 6.6% in April  |    |  CMA CGM launches 2nd loop between India, Mideast &Africa  |    |  Chhattisgarh CM gives nod for Raipur-Vizag highway  |    |  DHL adds another China-Europe rail link  |    |  Jet Airways announces special fares on select domestic routes  |    |  ESL gets Panamax ship of 74,005 DWT  |    |  Allcargo Q4 net slips marginally  |    |  Tata Motors consolidated net profit drops 17%  |    |  CMA CGM rate hikes June 1 on Asian container bound for North Africa  |    |  Yang Ming charters 2 vessels to boost service  |    |  Pacific International Lines to develop integrated logistics park in China  |    |  GMR Hyderabad airport to see INR 2,500 cr capacity expansion  |    |  IndiGo to launch daily non-stop flight between Singapore and Bengaluru  |    |  Railway Minister to launch free wi-fi facility at 28 stations in Konkan  |    |  Asia-Europe rate falls 3.9% to USD924 TEU, drops 8.5% to USWC  |    |  Highway projects worth INR 5 lakh crore planned in 2 yrs  |    |  Rail cargo traffic expands for fourth month  |    |  MPT bags two performance awards  |   
You are here: Home » National News » Roadways» Ashok Leyland plans to set up a facility in Jharkhand

Ashok Leyland plans to set up a facility in Jharkhand

20 March 2017 | Chennai
 

transreproter

Ashok Leyland Limited (ALL) is planning to set up a new facility in Jharkhand.

This will be the first investment from a major automobile company in the state, which has identified the sector as one of the key drivers to make it one of the industrial hubs in the country.

The government and company did not comment about investment. Sources said the company may look at an investment of around INR 500 crore to start with.

Sanjay Kumar, principal secretary to the chief minister of Jharkhand, confirmed the development and said senior members of the Hinduja family, which run the company, met the Chief Minister and held discussions. He did not share more details.

The company has manufacturing footprints spread across the globe with eight plants, including one at Ras Al Khaimah (UAE) In India they have two facilities in Tamil Nadu — Ennore and Hosur — and one each in Bhandara (Maharashtra), Alwar (Rajasthan) and Pantnagar (Uttarakhand).

The company is also planning to set up a plant in Telangana at an investment of INR 500 crore. The plant will assemble buses and trucks.

The Hinduja Group's flagship company is planning to set up small facilities for assembling the vehicles in various parts of the country and the plants in Telegana and Jharkhand are a part of this plan.

Jharkhand, which recently entered into the race to win investors confidence to attract investments has formulated 16 new policies, including automobile and auto component policy.

Kumar added "The state has made a big leap of its own when it comes to ease of doing business. It has risen almost from 29 to third position.”

   
Transreproter Logo