MRF to double factory capacity
Indian tyre maker MRF Ltd intends to double capacity at its plant near Hyderabad in the state of Andhra Pradesh. Financial daily The Economic Times says it has approached the state’s Commisionerate of Industries regarding a Rs 10 billion (£98.3 million) investment in the facility. According to information published by The Economic Times on 30 September, the expansion of the plant in Andhra Pradesh would create more than 1,000 new jobs.
“We have received the proposal from MRF for expansion and it is currently under the consideration of the industries ministry,” a senior ministry official told the newspaper.