Bangalore: Telco Construction Equipment Company Limited (Telcon), a subsidiary of Tata Motors, plans to set up a research and development (R&D) unit and three training centres in different parts of the country by next year.
“We will set up three training centres in Jamshedpur, Dharwad and Kharagpur by January next and impart training to 30 persons in each of these facilities,” Telcon Managing Director Ranaveer Sinha told reporters here Thursday.
The R&D unit would come up at Dharwad in Karnataka.
The new manufacturing plant at Kharagpur, where the company would be investing about Rs600 crore in three phases, would become operational by early next year, said Sinha. He was here to attend the EXCON 2007 event.
In phase I, Telcon would roll out 6,000 units of equipment such as excavators, new models of wheel loaders, road equipment, trucks and cranes and the capacity would be scaled up to 24,000 units annually by 2011, he added.
The company is also focusing its attention on acquisitions and mergers in India and developed countries and the proposals were expected to fructify by March next, Sinha said.
“We are bringing in a slew of new products with updated technology. We are also working strongly on building support network,” he added.
Telcon, which recorded a turnover of Rs 1,830 crore last year, has targeted to earn Rs 2,600 crore this fiscal, Sinha said.