Business

J&K – Asia’s largest Helmet maker Steelbird offers to Set Up Plant

0
steelbird

Asia’s largest helmet manufacturer Steelbird Hi-tech India on Tuesday offered to set up a manufacturing plant in Jammu & Kashmir, a day after article 35A granting special status to the state was revoked by the government.

This will help the Kashmir Valley kickstart a new industrial revolution and employment for the citizens, said Steelbird in a statement welcoming the government’s move.

“It is a much awaited move by Prime Minister Narendra Modi and Home Minister Amit Shah to overrule Article 370 . This fantastic move ensures that the Valley enters the Indian mainstream and becomes a part of our nation’s collective growth,” said Steelbird Helmets Chairman Subhash Kapur.

Advertisements


Until now, most of the manufacturing activity in J&K has remained restricted to the state’s inherent capacities in agriculture and handicraft, it added.

“We think it will kickstart with the companies tying up with established local players to build the ecosystem. This is how most cities and states grow and we see it as a great opportunity for localites first,” said Steelbird Helmets MD Rajeev Kapur.

“We plan to come up with manufacturing facility in accordance to the upcoming investor summit in the month of October. We hope the decisions will allow the businesses to operate freely under the same rules in the Valley,” he added.

Steelbird already has invested Rs 150 crore in the manufacturing plants at Baddi, Himachal Pradesh and is now planning to enhance the production capacity to 44,500 helmets a day.

It intends to replicate the same success story for the Valley as well, the statement added. PTI KRH

Like this content? Sign up for our daily newsletter to get latest updates.

Vardaan
Founding editor at IndianWeb2, he's been writing at IndianWeb2 since 2007. Apart from blogging he had a professional career of software developer, Ux developer and search engine marketer in past. His vision of IndianWeb2 has been laid down so as to showcase, encourage and propagate Indian startups, innovation and entrepreneurship ideas.

AI-based SaaS Startup Spyne Raises Seed Funding led by Smile Group, Others

Previous article

World AI Leaders from Dell Technologies, Rolls-Royce and Kryon, among others, Discuss AI Strategies in Singapore

Next article

More in Business

Comments

Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.