Now,Hero checks in,to set up unit at Halol

After various car majors,Indias biggest two-wheeler manufacturer Hero Motocorp is all set to come to Gujarat for its fifth plant.

After various car majors,Indias biggest two-wheeler manufacturer Hero Motocorp is all set to come to Gujarat for its fifth plant. The company has decided to invest Rs 1,100 crore in its plant proposed to come up over 300 acres in Halol.

According to company officials,the unit is expected to become operational in the second quarter of 2014. While the total installed capacity of the plant will be 1.2 million per annum,it is expected to go up to 1.8 million in the next phase.

The plant will provide direct employment to over 2,000 people.

State Industries Minister Saurabh Patel said,We will be starting a skill development center based on a PPP (Public Private Partnership) model to leverage the vast technical expertise of HMCL (Hero MotoCorp Ltd). Even ITIs in the state can benefit from the move. We will try to encourage more ancillary units to set shops around the HMCLs plant so that the area can be developed as a manufacturing zone.

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Pawan Munjal,MD & CEO of Hero MotoCorp,said,Now that we are on the threshold of becoming

a truly global company,

our initial focus is on markets where the volumes are large,and products can be sold with minimum changes. So right now,our existing products with suitable modifications will be made

available in these new international markets (Central America and Nigeria in Africa).

With a focus on entering the global market,HMCL has invested Rs 2,500 crore in setting up two new plants. Apart from Gujarat,an integrated R&D centre will come up at Kukas in Jaipur,Rajasthan.

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