Hero Honda to set up Rs2,000 cr unit in Karnataka

Hero Honda to set up Rs2,000 cr unit in Karnataka

Bangalore: The Karnataka government is allotting 500 acres to two-wheeler major Hero Honda near Dharwad to set up a Rs2,000 crore manufacturing plant with an annual capacity of one lakh units, state large and medium industries minister Murugesh R. Nirani said on Sunday.

“Hero Honda is coming (to the state). We are going to give them 500 acres near Hubli airport near Dharwad. They are investing Rs2,000 crore. They need 1,000 skilled workers. It will have annual capacity to manufacture one lakh two-wheelers," he told PTI.

The minister also informed that he will have second round of discussions with South Korean steel major Posco in Seoul in the first week of April regarding the company’s plan to build a Rs32,000 crore steel plant in the state, having a six-million tonne annual capacity.

Nirani said discussions would also be held with the TVS Group in the next few days on the possibility of the latter putting up an engine manufacturing unit in the state.