Swraj Paul plans more investments in India

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.

Lord Paul, Chancellor of Wolverhampton and Westminster Universities in the UK, will inaugurate the newly established Caparo School of Excellence in Manufacturing and Materials Technology in Jalandhar on Saturday.

The school, according to Lord Paul, is his family 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 Sripedambudur in Tamil Nadu by Chief Minister M Karunanidhi on October 4.

Caparo, under its CEO 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 UK, India, North America, Spain and Poland. The group has business interests predominantly in the manufacture of steel, automotive and engineered products.