Hero Honda to set up Rs 2,000 cr manufacturing plant in Karna
28 Mar 2010, 1444 hrs IST, PTI
BANAGALORE: Karnataka government is alloting 500 acres near the northern district headquarters town of Dharwad to Hero Honda to set up a Rs 2,000 crore two wheeler manufacturing plant with annual capacity of one lakh units, Large and Medium Industries Minister Murugesh R Nirani said.
"Hero Honda is coming.We are going to give them 500 acres near Hubli airport near Dharwad.They are investing Rs 2,000 crore. They need 1,000 skilled workers. It will have annual capacity to manufacture one lakh two-wheelers", he told PTI.
He also said he would hold second round of discussions with South Korean steel major Posco in Seoul in April first week regarding the company's plans to establish a six-million tonne annual capacity steel plant with an investment of Rs 32,000 crore in Karnataka.
Nirani said discussions would also be held with the TVS group in the next few days on the possibility of the latter putting up an engine manufacturing unit in the State.
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