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Taiwanese tyre-maker Maxxis to set up Rs 400 cr plant in Sanand

With plans to set up a manufacturing unit at Sanand in Ahmedabad district, Taiwanese tyre maker Maxxis Group president Dr. Wally Chen called upon Gujarat chief minister Anandiben Patel on Wednesday.

The company, which is one of the suppliers to Maruti Suzuki and Honda, evinced interest for setting up a tyre manufacturing plant worth Rs 400 crore during its meeting with the CM, Gujarat government sources stated.

Sources added that the company will need around 35 acres of land and will soon begin formal application process with the state government for a greenfield tyre manufacturing plant. “The company has zeroed in on land in Sanand and the state government has assured extension of all kind of support,” sources further stated.

A meeting was held between Patel and Maxxis Group’s president Dr. Wally Chen. According to an official communique from the state government, the CM welcomed the Maxxis Group for setting a manufacturing unit at Sanand in Ahmedabad district.

“While Gujarat emerges as auto-hub, the keenness of Taiwan-based tyre mfg company Maxxis to invest here gels well; met its President Dr. Wally Chen,” Patel tweeted later in the day regarding the meeting which also saw presence of Maxxis Group’s vice president Leo, its manager K. Y. Hue & the company’s manager for Indian operation Grey Liew.

Moreover, during the meeting, Patel briefed Chen that Gujarat is prepared to welcome world industry giants with cordial and conducive atmosphere for fulfilling the Prime Minister Narendra Modi’s dream of ‘Make In India’. “It is really welcoming step that the world giants are selecting the Gujarat as their destination for setting up manufacturing units,” she added.

The arrival of the Maxxis group in Gujarat would be mutually benefitting as the tyre manufacturing unit will provide employment to local youths and at the same it time the local small scale units will play supportive role to the US giant, Patel said.

Assuring the company of total cooperation from her government Patel invited Chen to visit ‘Vibrant Gujarat Summit 2015’ to be held here in January 2015 in Gandhinagar.

source: http://www.business-standard.com/article/companies/taiwanese-tyre-maker-maxxis-to-set-up-rs-400-crore-plant-in-sanand-114101500956_1.html