Mumbai-based SKF India has started work for the new manufacturing site in Haridwar, Uttarkhand investing an amount of Rs 15 billion in this project.
The company is also planning to employ more than 200 people in the project. This plant will manufacture deep groove ball bearings and specifically cater to the automotive market segment in India.
The project site is situated over an area of 10 acres. The new bearing factory will have a production capacity of 40 million bearings. The state of the art of the SKF technology will be operational by January 2010.
SKF India, 51% owned by Swedish automotive component maker SKF is a provider of bearings, seals and related products.
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