Maxxis Tyres opens its first manufacturing plant in India at Sanand

Maxxis Rubber India, a subsidiary of Maxxis Group, inaugurated its first plant in India on Thursday at Sanand in Gujarat. Involving a total investment of Rs2,640 crore, the company has so far invested close to Rs1,800 crore on the unit and plans to invest the rest over the next three years, company executives said.

The facility, spread over 106 acres, is currently dedicated to the manufacturing of two-wheeler tyres and tubes, with a capacity to produce around 20,000 tyres and 40,000 tubes a day.
The facility was inaugurated by Gujarat chief minister Vijay Rupani in the presence of Tsai-Jen Lo, chairman, Maxxis Group.Read more…

NIVEA opens its first manufacturing plant in India at Sanand

Global skin care brand NIVEA today opened its first manufacturing plant in India at Sanand GIDC area in Gujarat along with an integrated regional development lab

Beiersdorf AG, parent company of NIVEA, is a leading producer of skin care products and has over 130 years of experience in this market segment.
“It was about ten-and-a-half months ago in June when we actually did the ground-breaking ceremony.

If you look back, see in a ten and half months back, we have been able to put up the first phase of this factory extremely fast and the fastest in the history of Beiersdorf,” Rakshit Haragave, Managing Director of NIVEA India said after the inauguration ceremony. Read more…

70 Japanese companies eye Gujarat for investments

A flurry of investment announcements by Japanese corporates are set to be made during the visit of their Prime Minister Shinzo Abe here next week.

While 15 companies from ‘the Land of the Rising Sun’ have committed to invest in the second Japanese industrial park in Gujarat, 55 others are expected to visit the proposed exclusive cluster to explore investment opportunities, said top officials. Gujarat is hosting the Japanese premier for two days starting Wednesday. Read more…

Funds for Mandal-Becharaji Special Investment Region

Besides the bullet train, the visit of Japanese prime minister Shinzo Abe will be bringing a number of significant projects to Gujarat including the development of an Indo-Japanese industrial corridor in Mandal-Becharaji Special Investment Region (SIR) involving an outlay of Rs1,000 crore.

The MoU for the project will be signed on Thursday between the Gujarat government and Japan’s ministry of economy, trade and industry (METI). The corridor will be developed on public-private par tnership model. Read more…