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JK Organisation's Rs.20,000 crore investment plans on track

IANS 12 Nov 2014, 15:05:00 PM IST
IANS

New Delhi: JK Organisation, a leading industrial group, said its investment plans worth some Rs.20,000 crore were on track and that Prime Minister Narendra Modi's 'Make in India' campaign would be at the core of its present and future focus.

"The group's turnover is over Rs.22,000 crore including exports of over Rs.1,300 crore and is set to double in the next 4-5 years," said Bharat Hari Singhania, director, JK Organisation.

"Our investment plans of about Rs.20,000 crore are on track, which will help us take forward our market leadership and growth aspiration," he added.

He was speaking at the organisation's founder's day, the 130th birth anniversary of Lala Kamlapat Singhania.

"We have aligned ourselves to the growth of the Indian industry by strengthening our production capabilities, investing in R&D (research and development) and partnerships with all our stakeholders," Singhania said.

He said, at present large opportunities are being offered by the growing rural market. "We have to continue to expand, modernise and innovate. We have taken many initiatives to take advantage of this. Our state-of-the-art capacity expansion in paper at Odisha will help us to offer best quality paper at affordable prices."

"The new cement plant at Durg is in the advanced stages of commissioning and is geared to provide the much needed boost to our country's infrastructure needs. Our company's 6th Indian tyre plant at Chennai is already commissioned and is producing Made in India world class products, for domestic as well as global markets".

JK Organisation, a diversified business conglomerate, is on an expansion spree across its businesses in the tyre, cement, paper, dairy, defence and agriculture industries.

Last year, JK Tyre launched 10 new products covering different product segments - passenger cars, truck and light commercial vehicles.

The organisation's dairy arm, Umang Dairies Limited, which handles a capacity of 10.5 lakh litres of milk a day, at a single location, is also scaling up its operations in the dairy sector.