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Wipro To Set Up Engineering Unit At Kharagpur, It Will Invest Rs 500-600 Crore In 2-3 PhasesBy ugesh sarkar, Section Business
Rural polls over, Buddhadeb Bhattacharjee has reasons to smile. First it was the assurance from Antony Salim that his group remains committed to make substantial investment in Bengal. Then comes Wipro's decision to set up its engineering division in Kharagpur.
According to the MD of WBIDC M V Rao, Wipro Infrastructure Engineering (WIE) will shortly set up its second unit in the country at Kharagpur. Once set up, it will be the world'd fourth unit of WIE. WIE is one of the finest infrastructure equipment companies in the world. It manufactures precision-engineered hydraulic cylinders and pumps for infrastructure and related industries such as earth-moving and cargo-handling equipment and truck-tippers. It is the second largest independent hydraulic component manufacturer in the world, and has manufacturing facilities in Finland and Sweden. The other Indian unit of WIE is in Bangalore. "It will set up the facility at the vendors park of Telcon. We have already acquired about 100 acres of land required for the vendors park, which includes space for the Wipro unit," Rao said. According to him, some big names have already showed interest in setting up shop at the vendors park. "There will be 20 units in the vendors park. Following Wipro's decision, we are getting a good response from the industry," he said. Click On Full story" For More...
According to him, Jai Bharat Maruti, one of the component manufacturers of Maruti Suzuki and Tata Ryerson, are also setting up units in the vendors park. "We have already handed over 250 acres to Telcon in Khargapur. It has already started the project work," he said.
It is learnt that some big component manufacturers, including multinationals, might set up shop in Kharagpur. Incidentally, Telco Construction Equipment Company (Telcon) has proposed to set up an earth-moving manufacturing facility at Kharagpur. When contacted, the Telcon MD Rana Sinha confirmed the development, saying that the Kharagpur facility could be one of the biggest integrated infrastructure equipment projects in the country. Currently, Telcon has two facilities -- in Jamshedpur and Dharwad, in Karnataka. According to Sinha, it will invest Rs 500-600 crore in 2-3 phases in the Khargpur project. "The investment in the vendors park will be in addition to this," he added. The Telcon said that the first phase will be completed by mid-2009. "We shall manufacture different variants of earth-movers in the facility," he said. Source: Times Of India 10-Jun-2008
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