The State Government on Wednesday claimed that as a result of Government’s investment-friendly policies and the State being centrally located in the country, a number of multinational companies have set up and expanded their industries in Madhya Pradesh.
The companies include John Dyer of USA, AkzoNobel of Sweden, Cummins Turbo Technologies of USA, VE Commercial Vehicles of Sweden, Rio Tinto of UK and Tewa Pharmaceuticals of Israel.
John Deere
This American company started production in tractor manufacturing unit in Dewas in year 2011. The unit costing about Rs400 crore was constructed in 97 acres in October 2013. Tractors of 35 to 55 horsepower for small and marginal farmers are manufactured in this unit having a manufacturing capacity of 50 thousand tractors.
Akzo Nobel India
This company of Sweden is the biggest paint and coating company in the world. It is among 500 Global Fortune companies. The company had entered into an MoU with TRIFAC for establishment of the project on October 23, 2010.
The company established manufacturing plant of water-based and other paints with permanent capital investment of Rs257 crore on 55 acres at Malanpur industrial area in Bhind district. About 200 persons are employed in it. The project commenced commercial production from September 30, 2013.
liugong India
It is the Indian subsidiary of Guangxi liugong Machinery Company limited, China. It is the second biggest wheel loader manufacturing company in the world.
The company had signed an MoU with TRIFAC. It has established its unit with permanent capital investment of Rs88 crore employing 250 persons directly. Production in the first phase has begun from July 15, 2009. Its manufacturing capacity is 2000 wheel loaders per annum. The company has been established with cent percent foreign investment.
Cummins Turbo Technologies
This company is a member of Cummins Incorporated, USA and Turbo Technologies, UK. The company is spread in 160 countries and is global power leader. Cummins has 3 units in Pithampur, district Dhar and Dewas, which have been established with permanent capital investment of Rs400 crore. In all, 1000 persons have got direct employment in these units. The company’s units have developed several auxiliaries at Pithampur and Dewas.
VE Commercial Vehicles
This company is a joint venture of Volvo Group of Sweden and Eicher Motors. It has 6 plants in Dhar and Dewas districts of Madhya Pradesh. Costing about Rs2150 crore, these units are providing direct employment to 8000 persons and indirect employment to about 35 thousand persons. The company has proposed a Rs1400 crore vehicle manufacturing project in Bagroda industrial area in Bhopal district in which about 3000 persons will get employment. In the proposed project, commercial vehicles of global standard will be manufactured and sold at local and export markets. A special package has been sanctioned to the project. The plant is expected to start commercial production from year 2017.
Rio Tinto India
Rio Tinto of UK is one of the largest mining groups in the world. The group is engaged in exploration, mining and processing of mineral resources. Company’s diamond mining and sample processing unit is based at Bunder (Bakswaha) in Chhatarpur district.
The Company has entered into state support agreement with the state government. Investment of about Rs3000 crore is proposed in the project. About Rs33 crore has been invested in diamond mining and sample processing unit where processing work has commenced from year 2010. At present, the company provides jobs to 350 persons.
Madhya Pradesh will get included in 10 biggest diamond producing areas in the world after full materialization of Bunder project.
Teva Pharmaceutical
It is a major company of Israel and biggest producer of generic medicines in the world. Teva Pharma has established its unit with permanent investment of about Rs400 crore in Malanpur industrial area in Bhind district providing direct/indirect employment to about 1,000 persons.