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Sanand attracts Rs 3200 cr investments in first four months of 2015

Taiwan-based Maxxis Group's Rs 1850 cr facility, the biggest among 18 firms allocated land this year.

Written by Avinash Nair | Ahmedabad |
May 6, 2015 8:33:24 pm

In the first four months of 2015, over 18 national and international firms, with proposed investments to the tune of over Rs 3200 crore, have been allocated land by the Gujarat government at Sanand.

“The biggest of the land allotments this year has been to Taiwanese tyre-manufacturer Maxxis Group. This group will be setting a Rs 1,850 crore unit within the GIDC estate at Sanand,” said a senior state government official, adding that the company plans to supply tyres to Honda and Suzuki companies that are coming up few kilometers away from Sanand.

The officials from Maxxis Group had visited Gujarat chief minister Anandiben Patel in October 2014 in connection with their proposed greenfield plant.

“This year, we have allocated a total of over 4,10,000 square meters (about 101 acres) to 18 of small and big companies at Sanand. Most of the large investors are either Taiwanese or Japanese firms,” the official added.

The GIDC’s industrial cluster at Sanand, located about 40 kilometers from Ahmedabad, has become one of the most sought-after industrial clusters in Gujarat, ever since Tata Nano decided to relocate in 2008. The investments that have come to Sanand between January-April 2015 is more than the Rs 3,000 crore that came to this cluster a year ago in the form of investments from auto-ancillaries units based in Japan, Germany and United States.

The second-largest investor to be allotted land at the GIDC estate in Sanand in 2015 is Uflex Ltd which is setting up a 1,100 crore facility at this auto-hub. Among other prominent firms that will be setting up base here include a subsidiary firm of South Korean firm Posco – Posco India Ahmedabad Steel Processing Pvt Ltd – which will be investing Rs 128 crore for a fabricated metal products unit, while another Japanese subsidiary Mitsuba Sical India Pvt Ltd, that is into manufacturing of electrical components for four-wheelers like front wiper systems, power window motors, starter motors and electric power steering motors, will be setting up a Rs 30 crore unit.

PD Bearing Manufacturing LLP, Hilex India Pvt Ltd, Suprajit Engineering, Intersil Metalic Products, High Temp Furnaces Ltd are some of the other firms that have been allotted land at Sanand this year.

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