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Naveen lays stone for auto complex

CUTTACK: Chief Minister Naveen Patnaik on Thursday laid the foundation stone for the State’s first auto components complex at Mania in Tangi about 30 km from here. The Rs 365-crore project is being set up by RSB Transmissions of India limited that would be completed in five years.

By 2013, the company would make a business turnover of Rs 5000 crores, said chairman of the company R K Behera.

"The Greenfield complex at an estimated investment of Rs 365 crores spread over five years would come up by 2013 with state-of-the-art technology," Mr. Behera said. The company will grow in a phased manner and would generate about employment opportunities for 2500 people.

At full capacity utilisation, the company in its first phase at the end of April 2008 would make business turnover of Rs. 1800 crores, informed the company managing director S K Behera.

Most of the manpower, except for some critical management and technical staff would be recruited from the local area, company sources said. Laying the foundation stone, Patnaik hoped that Tangi-Choudwar would now be revived into a thriving industrial estate in near future. The IDCO is going to set up an Industrial Park in Choudwar to take care of the existing industries of the locality, the Chief Minister announced.

Among others Industry Minister B B Harichandan, local legislator Dharmananda Behera and Cuttack MP Bhatruhari Mahatab spoke on the occasion.

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