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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.
Maharashtra Industries Development Corporation's (MIDC) official said:
Butibori tyre plantCeat Managing Director Anant Goenka said:
Chief Minister, Maharashtra Mr. Devendra Fadnavis said:
As a leading player in the tyre industry, Ceat has a capacity of over 700 tonnes a day and offers a wide range of tyres and radials to segments such as heavy-duty trucks and buses, light commercial vehicles, earthmovers, forklifts tractors, trailers, cars, motorcycles, scooters and auto-rickshaws.
News Source: Ceat Tyres to set up Rs 1,200 crore plant in Butibori - The Times of India
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.
Maharashtra Industries Development Corporation's (MIDC) official said:
Butibori tyre plantCeat Managing Director Anant Goenka said:
Chief Minister, Maharashtra Mr. Devendra Fadnavis said:
As a leading player in the tyre industry, Ceat has a capacity of over 700 tonnes a day and offers a wide range of tyres and radials to segments such as heavy-duty trucks and buses, light commercial vehicles, earthmovers, forklifts tractors, trailers, cars, motorcycles, scooters and auto-rickshaws.
News Source: Ceat Tyres to set up Rs 1,200 crore plant in Butibori - The Times of India
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