Chennai, Feb 12 (UNI) Tamil Nadu Chief Minister Edappadi K Palaniswami

today inaugurated tyre major CEAT Limited's Rs 4,000 crore greenfield

manufacturing facility at at Kanathanangal village, Mathuramangalam Post

in Sriperumbudur, about 40 km from here.

The facility, would produce 30,000 tyres per day and have an installed

capacity of making 96 lakh radial tyres per annum, for lorries, buses and

cars, besides two-wheelers.

Speaking on the occasion, Mr Palaniswami said at present synthetic

rubber, one of the raw materials for making tyres, was being imported

from abroad.

Stating that a petrochemical plant in the state would help domestic

tyre companies to locally source synthetic rubber at cheaper rates,

he said it would also help in reducing manufacturing costs and create

job opportunities.

He said Tamil Nadu was the biggest force in attracting investments

in Asia.

'Some states are leading in social development parameters and some

other in economic development. But, Tamil Nadu, apart from social

and economic development, stands tall in all parameters in ensuring

all round development', he added.

Mr Palaniswami congratulated Ceat Tyres Managing Director Anant

Goenka and his team for implementing this project within a short span

of 18 months.

'This goes to show the efficiency of CEAT and a committed facilitation

support provided by the Tamil Nadu', he added.

He also requested Mr Anant Goenka to start a major R and D facility

in the State.

He said by launching this facility, CEAT has joined other tyre makers

like MRF, Apollo Tyres, JK Tyres and Michellin Tyres in setting up its

manufacturing facility in the state.

UNI GV 1655