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Oerlikon Drive Systems plans Sanand plant

Oerlikon Drive Systems is planning to set up a manufacturing facility in Sanand in Gujarat. The project entails an investment of Rs. 4000 million which will be in phases. The company will manufacture drive systems, transmission components and complete transmissions when the plant goes operational by 2015. The expansion programme will continue till 2018. Currently, the company has plants in Noida and Belgaum in Karnataka. As India offers cost competitiveness, the company favours exports of drive systems from India.

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