MRF Tyres is ready to invest $715 million in its own development
Indian tire manufacturer MRF Ltd plans to spend heavily to develop its own production. The group of companies plans to attract funds with the help of the Bombay Stock Exchange.
The new production lines of the company will be created in the Indian state of Tamil Nadu. According to the company's official representative, the funds will be invested over a seven-year period.
The state leadership has already announced its readiness to support the company's initiatives, signing a corresponding memorandum. The project has been assigned an "ultra-mega status" as it helps to strengthen the state and activate the export of products from the region.
The new production lines of the company will be created in the Indian state of Tamil Nadu. According to the company's official representative, the funds will be invested over a seven-year period.
The state leadership has already announced its readiness to support the company's initiatives, signing a corresponding memorandum. The project has been assigned an "ultra-mega status" as it helps to strengthen the state and activate the export of products from the region.