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Apollo Tyres invest $ 460 million plant in India-glow plug,spark plug

Apollo Tyres Tammy Nadu and India recently signed a Memorandum of Understanding Government supplemental agreement, plans to plant in the state Oragadam investment increased from 165 billion rupees to 210 billion rupees (about 4.6 billion U.S. dollars).

     Tammy Nadu government in India said, Apollo Tyres to increase capital investment, Oragadam plant will be Nissan 6000 truck and bus radial tires and 8000 passenger car radial tires.

     Tammy Nadu Government and Industry Secretary RajeevRanjan Apollo project leader K. Prabhakar supplementary agreement signed a memorandum of understanding, Indian Deputy Prime Minister MKStalin attended the signing ceremony.

     Under the memorandum of understanding signed by the Supplemental Agreement, Tammy Nadu government will give more incentives Apollo. In addition, Apollo plans to initially invest 4.5 billion rupees Oragadam plant.

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