India of the 21st century

Prices soar in Sriperumbudur, the tongue-twister of a place that every Indian knows. Sriperumbudur, a town 40 km southwest of Chennai, became notorious in 1991, when Rajiv Gandhi was assassinated there.

Close to 15 years since that tragic event, Sriperumbudur has flagged itself high on India’s investment map.

Some Rs 4,700 crore is headed there, with several big companies having announced locations for manufacturing units in Sriperumbudur.

Three newcomers to the region — Nokia, Flextronics and Foxconn — alone account for around Rs 1,600 crore of the planned investments in a town that’s fast becoming a global lure as a manufacturing hub.

The phenomenon is barely a decade old. Korean car-maker Hyundai was the first to spot opportunity there. In 1996, it set up a plant to make cars for the Indian market, and its success story needs no retelling. Now it has commisioned its second plant at an investment of Rs 2,000 crore.

Hyundai has the French glass maker, Saint Gobain, as its neighbour. This company plans to invest Rs 800 crore on an expansion programme that includes a second float glass plant with (daily capacity: 850 tonnes).

According to B Santhanam, managing director of Saint Gobain India, the company is putting up an advanced architectural processing facility.

The new story, however, is the electronics one. The Taiwan-based electronic component manufacturer Foxconn expects to invest $110 million (Rs 485 crore) in its local plant.

More on the source link...

600450 India of the 21st century

See more news about:

Others also read

Traversing “Belt and Road”, Leaping across “High Mountains and Vast Sea”, Creating a “Win-Win Collaboration” (II)
The Belt and Road Initiative refers to The Silk Road Economic Belt and the 21st-century Maritime Silk Road.
AIS Swytchglas in offices: Bolstering Privacy & Productivity
Glass has always been a popular addition to offices around the globe, often replacing walls and whiteboards in many spaces.
Şişecam Group strengthens its position in India
Şişecam bought a further 49.8% stake in HNG Float Glass Limited, its flat glass manufacturer affiliate in India, for 85.4 million US Dollars.
Christian Krenn (LiSEC) with Mr. Ramaswami and Mr. Kheruka (Borosil) after signing the contract
At the trade show Intersolar in Munich Mr. Kheruka, Mr. Ramaswami and Christian Krenn signed a contract for a second tempering plant.
With a length of approx. 190 m, the Cold End equipment from Grenzebach is the end of the new float glass production line from Gold Glass. The picture shows the main line course towards the continuous ribbon area.
Gold Plus Glass Industry Limited in India now has two Float glass production lines with Grenzebach Cold End in operation.
AIS SunShield Trendz
AIS SunShield Trendz brings together the functional superiority of AIS Heat Reflective glass and the refreshing new aesthetics of patterned, Heat Reflective glass – giving our customers the opportunity to embrace a trendier alternative to our SunShield Range.

Add new comment