Ceat on Thursday said it planned to invest Rs.400 crore in the first phase to set up a tyre plant at Butibori in Nagpur, Maharashtra. Ceat confirms that this first phase of Rs.400 crore investment will create 1,200 jobs. They will eventually have an investment of Rs 1,200 crore and 2,850 direct jobs which will also help state government in long run to generate more tax.
Butibori tyre plant will roll out of the first tyre in April 2016 and it will be manufacturing 1.2 million tyres annually, making it one of the largest such plants in India. The plant will have the best in its class technology and will manufacture two and three wheeler tyres. It will be a zero discharge plant, with every building being ‘green’ and environment friendly.
