Caterpillar India, the manufacturer of construction and mining equipment and
off-road vehicles,
plans to invest Rs.800 crore to set up
an engineering equipment manufacturing facility near Chennai and expand
production at its existing facilities in Thiruvallur
- an industrial suburb of Chennai- and at Hosur.
Caterpillar has signed an MoU with the Tamil Nadu government for the project.
The company is in the process of identifying land for the new facility which is
likely to come up near its existing plant at Thiruvallur.
Also See:
Caterpillar to
invest $200 million in India (27-Jun-08)