INDIA: Bridgestone to set up second facility
Tyre producer Bridgestone is planning a second manufacturing facility in India.
The firm already has a plant at Pithampur, near Indore, but is now planning a second facility near Pune.
The Maharashtra Industries Secretary Mr A. Khan, told Business Line (The Hindu) that it took eight months to convince Bridgestone over the plant.
The main draw, the report said, is that the Pune region, comprising Chakan, Ranjangaon and Talegaon, is home to auto majors, including Mahindra International, Tata-Fiat, General Motors India, Volkswagen and Bajaj Auto.
The leading tyre manufacturer's Pithampur plant caters to several big vehicle manufacturers, and the Pune plant is expected to offer logistical advantages, the report added.