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Telco Construction Equipment to (Telcom). A joint venture of Tata Motors and Hitachi Construction Machinery Co (Japan), has announced a stae of-the-art manufacturing facility for earthmoving and construction equipment along with a research and development centre at Kharagpur in West Bengal to upgrade its capacity and capability to meet the burgeoning demand for construction equipment in the country. The construction of the facility will commence shortly. Telcon will invest about Rs 600 crores in the facility, to be completed in three phases. The first phase will be completed by March 2009 and the final phase by March 2011.
In addition, a vendor park will be set up on a 90-acre plot for about 20 strategic partners, who will separately invest about Rs 500 crores. The entire operation, including that of Telcon and its partners, is expected to generate over 1000 direct jobs. The company already has two manufacturing facilities in Jamshedpur (Jharkhand) and Dharwad (Karnataka).
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| Posted : 2/27/2008 |
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