Govind Rubber Ltd. is planning to establish a new tyre and bicycle manufacturing company in Dahej, Gurajat worth Rs 750 crore.
“We are setting up a tyre manufacturing facility at Dahej in Gujarat with a production capacity of 225 tonnes a day. We will invest Rs 750 crore in the said plant,” said a representative from the company.
The company is envisioning a 100% growth in the bicycle manufacturing venture through increasing its capacity as well as its plant in Ludhiana.
Govind Rubber Ltd. has been known to manufacture auto tyres, tubs, bicycles and high-end bicycle tyres.(PRA)