Rane group to invest in Tamil Nadu
Auto ancillary major, Rane Group is investing Rs 100 crore to set up two plants in Tiruchirapalli, a top company official said today.
A Valve plant would be set up by the end of the year and another brake lining plant would come up by early next year, L Ganesh, Chairman told a press conference here today.
Also, the company has acquired five acres of land in Haryana to set up a dedicated facility for Maruti Udyog. “We are still in the process of working out the details,” he said.
He added that the company was looking at about 20 per cent export for the Group, which currently was at 12 per cent.
He was addressing a press conference here today to announce the launch of the company’s “Rane Institute for Employee Development (RIED).
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