RSB to set up Automobile component unit in Orissa

By Staff
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Google Oneindia News

Bhubaneswar, Dec 06 (UNI) India's leading engineering and automotive component unit RSB Group today signed an MoU with the Orissa government to set up a Rs 365 crore greenfield manufacturing unit.

The project would be completed in phased manners over a period of five years will have a forging units, a Ferrous casting unit, an aluminum die casting unit and a machine shop besides assembling unit.

The MoU for the project was signed between RSB Managing Director S K Behera and Industry Department Commissioner I Srinivas in presence of Chief Minister Naveen Patnaik, Industry Minister B B Harichandan and Chief Secretary Ajit Kumar Tripathy.

RSB Group had already set up six plants in four locations in India for manufacture of aggregate and system related to commercial vehicles, passenger cars, construction equipment catering to the auto majors like Tata Motors, Telcon, Mahindra, Caterpiller, John Deere and Fiat.

The proposed manufacturing complex would be developed by the Infra structure Development Corporation (IDCO) near Chowdar in Cuttack district.

RSB sources said the Casting and Forging unit is expected to generate an estimated annual turnover of Rs 1600 crore by the end of fifth year and provide an employment for nearly 2500 people.

Welcoming the RSB group to invest in green field in Orissa, Mr Patnaik said his government was promoting automobile and auto component industries as one of the thrust sectors because of its huge multiplier effect on both direct and indirect employment generation.

He said IDCO would promote an auto component manufacturing complex at Mania near Chowdar which would not only accommodate the RSB and their vendors but also other automobile manufacturers interested in setting up of manufacturing facilities in Orissa.

RSB Managing Director S K Behera said he had chosen Orissa because it offered advantages in terms of employment base, costs, infrastructure and geographic locations apart from the proactive approach of the state government.

UNI DP SJC AKP2126

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