News: Caparo Group to invest Rs 400-600 cr in India
(TV18 18/04/2006) Mumbai - The Caparo Group has plans that go beyond body panels and small parts. It wants to set up a forging plant, an aluminium foundry and an R&D centre here. These will be in Southern India.
Besides it will build a sheet metal plant in Pune. Caparo may also set up another forging unit in North India and a grade iron foundry elsewhere.
Director & CEO at Caparo, Angad Paul says, "We want to deliver value. If I have to put a figure it will be between Rs 400-600 crore in the next 3-4 years."
Angad Paul says Caparo also wants to acquire companies in India. CNBC-TV18 learns that one of the acquisitions could be a firm, which is into advanced composites.
He says, "In India we are looking at a number of acquisitions. It's getting right in India but right now values are high."
Caparo's move into car-making is the most glamourous of its plans. It has acquired Freestream, a British firm that's developed this 500 HP two-seater supercar to be made available in India at the end of this year at a price of Rs 11.7 crore.
Caparo has got some aggressive plans. Angad Paul says there's a method to his madness. With the car components industry driving at high speed and a growing number of high networth individuals, it could be called a sane madness.
Besides it will build a sheet metal plant in Pune. Caparo may also set up another forging unit in North India and a grade iron foundry elsewhere.
Director & CEO at Caparo, Angad Paul says, "We want to deliver value. If I have to put a figure it will be between Rs 400-600 crore in the next 3-4 years."
Angad Paul says Caparo also wants to acquire companies in India. CNBC-TV18 learns that one of the acquisitions could be a firm, which is into advanced composites.
He says, "In India we are looking at a number of acquisitions. It's getting right in India but right now values are high."
Caparo's move into car-making is the most glamourous of its plans. It has acquired Freestream, a British firm that's developed this 500 HP two-seater supercar to be made available in India at the end of this year at a price of Rs 11.7 crore.
Caparo has got some aggressive plans. Angad Paul says there's a method to his madness. With the car components industry driving at high speed and a growing number of high networth individuals, it could be called a sane madness.
posted by InCar Group Press Room at 16:30
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