THRISSUR: The Kolkata-based RPG group would be investing Rs 9000 crore in the power, tyre and carbon black industries as part of its expansion programme in the coming two years, Chairman, Rama Prasad Goenka, said.
While Rs 6000 crore would be invested in the Calcutta Electric Supply Company in two years in the states of Jharkand, Orissa and West Bengal, the company would set apart Rs 2000 crore in the Ceat Tyres and Rs 1000 crore in the Philips Carbon Black ltd, Goenka told reporters at his rubber estate at the Harrisons Malayalam limited at nearby Mooply on Sunday.
He was here to inaugurate the accelerated replanting and factory modernisation programme at the estate.
The large investment was necessitated to compete in the fields following the government's liberalisation, privatisation and globalisation policies, he said.
The group was aiming to increase productivity, quality and facilities to workers by the expansion, he added.
Replying to a query regarding the Rs 5000 crore power project in Kanpur, for which an MOU had been signed when K Karunakuran was the Chief Minister, Goenka said he was forced to drop the project following lack of interest shown by the succeeding government.
