Caparo plans Rs 400cr capex in India

Lord Swraj Paul-led Caparo group is planning to invest Rs 300-400 crore for setting up six automotive components manufacturing plants in India.

"We plan to invest Rs 300-400 crore in India for servicing our clients in the automotive market. We may increase the number of plants if we
see more potential," Caparo group's CEO and Paul's son Angad Paul said.

"India can be a quality manufacturing base for the world. Later, we may start making engineering goods for the aerospace industry. Right now, we are not ruling out any other sector that requires our engineering expertise," he said.

The plants will come up in Uttar Pradesh, Madhya Pradesh, Rajasthan and Haryana.