Caparo eyes $1 bn business from India

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Posted: Jan 20, 2008 at 1601 hrs IST
Updated: Jan 20, 2008 at 1617 hrs IST

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Swraj Paul-led Caparo Group said it will raise its investment and exposure in India to achieve an over six-fold increase in turnover to USD one billion within the next ten years.

"We are growing fast and very keen on continuously investing in India. We plan on doing at least a billion dollars of sales here in the next 7-10 years," Group's CEO Angad Paul told reporters after British Prime Minister Gorden Brown inaugurated the group's auto part manufacturing unit.

The Rs 83 crore facility at Greater Noida, which caters to auto makers such as Honda, is already operational but was formally inaugurated by Brown at a function in the capital.

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Caparo eyes $1 bn business from India

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