The Hindu : Business : Lord Paul to assess investment prospects

Online edition of India's National Newspaper
Thursday, Sep 20, 2007
ePaper

Business

Business

Lord Paul to assess investment prospects

LONDON: U.K.-based industrialist Lord Swraj Paul will undertake a fortnight-long visit to India beginning Friday to take stock of the fast growing operations of Caparo automobile plants and assess further investment prospects in the country.

During his visit, Lord Paul, Chancellor of Wolverhampton and Westminster Universities in the U.K., will inaugurate the newly established Caparo School of Excellence in Manufacturing and Materials Technology in his birthplace Jalandhar, Punjab, on Saturday.

The school, according to Lord Paul, is his family’s gift to India, in the name of his daughter Ambika. The school’s development is funded by the Ambika Paul Foundation, a charitable trust set up in memory of his daughter who lost her battle with Leukaemia in 1968. It is his first initiative towards fostering entrepreneurship in India by catalysing, accelerating and supporting the growth of manufacturing and materials technology.

Lord Paul will also attend the inauguration of the 120-acre Caparo Industrial Complex at Sripedumbudur, Tamil Nadu, by Chief Minister M. Karunanidhi on October 4. Caparo, under its Chief Executive Officer Angad Paul, younger son of Lord Paul, is a global group with a turnover of $1.5 billion.

The company operates from over 50 sites in the U.K., India, North America, Spain and Poland. The group has business interests predominantly in the manufacturing of steel, automotive and engineered products and also in materials testing services, hotels, film distribution and private equity investment. — PTI

Printer friendly page
Send this article to Friends by E-Mail

Business