Dated: 31 March 2010
Bridgestone Invest in Indian Market
Bridgestone India Private Ltd, a Bridgestone Corporation’s subsidiary, yesterday announced that it plans to invest over £357 million to build a second tyre production plant in India. It is planned that the new site will be built near Pune in the Maharashtra State. Once the work on the new building begins, it is estimated that it will be producing car and truck radial tyres by 2013.
Bridgestone seem to have targeted an investment on the Indian subcontinent because they believe it to be an “emerging market with remarkable economic growth”.
It is widely belived by many analysts that tyre demand in India is set to rise astronomically over the next few years as the country increases its automotive production, as well as a planned expansion of their national road infrastructure – which has come about due to the result of a growth in the Indian economy in recent times.
Bridgestone India Private Ltd has been in existence since 1996 and employees approximately 1,280 – according to figures from December 2009.