Oakley Sunglasses7Ruia Group Interested In Rs 500

bagns1m6wtan

ording to the sources [link widoczny dla zalogowanych], the Ruia Group is by a very advanced class of discussion for deciding on a diplomatic technology partner so that a intended joint venture factory can be established. This proposed JV plant will manufacture [url=/]New Cars[/url] radial tyres under the Dunlop brand, said Pawan K Ruia [link widoczny dla zalogowanych], Group Chairman. Mr. Ruia stated namely they are in discussion with a technology partner because radial technology. Also, namely partnership would no be confined to fair technology.
Ruia beyond annotated that equity participation along the joint venture partner tin be of the equal partnership. Within a month, a decision above the modalities ambition be taken. The new element is likewise speculated to produce truck radial tyres. For the entities that may invest in a new venture, Mr. Ruia stated that the brand would be Dunlop but it has as yet been resolved that which companies will transform a part of this venture. He beyond added that the rights publish of Falcon Tyres may be introduced probably during the time period of 2011-12 once it gets the permission from the administration for FDI. Both Falcon Tyres and Dunlop are counted amid the 2 listed entities of the Ruia Group. The Dunlop brand industries OTR tyres meantime Falcon manufactures tyres for 2 for well as three-wheelers. Ruia said that they necessitate asset for the expansion project of Falcon. He further said that a rights issue will be the accepted discretion. If the agreement for the FDI gets postponed anyone more then the Ruia Group may pick up a peg through a servant entity.
Earlier [link widoczny dla zalogowanych], Ruia had stated that the proceeds from the intended rights issue of the will be spent in a two wheeler tyre project of Rs 550 crore in the state of Uttaranchal. The plant is mentioned to provide two-wheeler tyres particularly to the Hero Honda corporation which gave the land for this project. Ruia was also quoted saying that he will carry on his exertion of purchasing small, distressed and household run automobile component-makers in Europe which supplied to global auto mammoths.