VECV has been one particular of the important investors in Madhya Pradesh with an investment of more than Rs 5,000 crores in its eight plants. In addition, the corporation has attracted more than one hundred ancillary and other suppliers for supplying the components necessary in the manufacturing of trucks. More particulars under!
VE Commercial Vehicles Ltd has began industrial operations at its new truck manufacturing unit at Bagroda, Bhopal. The company’s eighth manufacturing facility in the state of Madhya Pradesh has been set up with Industry 4. requirements. The new factory was inaugurated by the Chief Minister of Madhya Pradesh – Shivraj Singh Chouhan and he flagged off the newly manufactured trucks. The brand states that with this plant, a quantity of ancillary units are anticipated to come to Bagroda and this holds a really vibrant future for the improvement of this location as nicely as for the creation of employment possibilities for the locals. VECV has been one particular of the massive investors in the state of Madhya Pradesh with an investment of more than Rs 5,000 crores in its eight plants. In addition, it has attracted more than one hundred ancillary and other suppliers for supplying the components necessary in the manufacturing of trucks.
All thanks to this, VECV has managed to create direct and indirect employment for more than 30,000 persons which includes suppliers and associates. In the initially phase, the new plant will have the capacity to manufacture 40,000 trucks. Speaking on the inauguration of the new plant, Vinod Aggarwal, MD & CEO, VECV stated that it is a really proud moment for the brand now as VECV has commenced industrial operations at its new plant. This is a testament to VECV’s commitment to the state of Madhya Pradesh with eight plants in the state now.
He stated that he is exceptionally satisfied with the market-friendly policies, as nicely as the really peaceful industrial atmosphere of the state. Aggarwal also stated that apart from meeting the domestic demand, this new facility will also be made use of for catering to new export markets as a result contributing to the vision of Atmanirbhar Bharat as nicely as Make in India initiatives by VECV’s commitment to Make in Madhya Pradesh.
calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and comply with us on .