Ceat to start production facility in Punjab

RPG Enterprises, makers of Ceat tyres, has expressed interest to set up a tyre manufacturing unit and an IT backend set-up in Punjab.

Amarinder Singh, Chief Minister of Punjab, posted on his microblogging page: “Met with @hvgoenka & welcomed his interest in setting up a tyre manufacturing unit and IT backend set up in Punjab.”

Harsh Goenka, chairman of RPG Enterprises met the Punjab CM in this regard.

Singh was in Mumbai recently to woo investors. He met a string of heads of companies that included Anand Mahindra, Chairman of Mahindra & Mahindra, Sanjiv Mehta, CEO, Hindustan Unilever and Anil Ambani, Chairman, Reliance ADAG.

An RPG group spokesperson said, “Exploratory business discussions at Group level by Chairman is an ongoing process. Specific company-level investments are taken by the company management after evaluating various parameters and needs Board approval. To conjecture an investment on the basis of this meeting is incorrect.”

Image Credit : resize.indiatvnews.com

Research Desk

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