labels: industry - general, steel
Prince Andrew to inaugurate Caparo''s industrial complex in TNnews
31 October 2006

Mumbai: The Duke of York, Prince Andrew will inaugurate Caparo India's multi-product industrial complex at Sriperumbudur in Tamil Nadu on November 3.

Spread over 120 acres, the world class complex was set up by Caparo Engineering India Private Limited, a wholly-owned subsidiary of Lord Swraj Paul's Caparo Group. The complex has a stamping facility, an R& D centre, aluminium foundry and steel forging unit and aims to make the Caparo group unit an engineering solution provider to the automobile industry rather than just another auto component manufacturer, according to Angad Paul, chief executive of the Caparo group.

The complex would boost export earnings of Caparo India by Rs200 crore and bring in total revenue of Rs600 crore. It would also provide employment to about 1,000 people, including workmen and staff. Prince Andrew, the second son of Queen Elizabeth II and Duke of Edinburgh Prince Philip, is currently on a seven-day visit to India. Caparo zeroed in on Sriperumbudur in Tamil Nadu as the South is a growing hub of the automobile industry, the Caparo CEO said.

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Prince Andrew to inaugurate Caparo''s industrial complex in TN