Indian industrial conglomerate to make further investments in Turkey

Posted on 20 May 2011

20 May 2011 – Mr Pawan Ruia, Chairman of the Indian industrial conglomerate, says the group is planning to make additional investments in the Turkey in energy, mining and metal sectors following their 250 Million USD acquisition of the Turkish cars part manufacturer – Standard Profil.

Speak in Istanbul, Mr Ruia said “Standard Profil means a lot to us. It has a strategic importance for us to become a world leader in this industry,” Mr Ruia went on to say “The automotive sector grew by 18 percent in the first quarter of this year. Our plan in the face of such growth is not to move our investments in other countries to here, but to integrate the high-tech ability of our companies outside Turkey into the production facilities we will establish here in Turkey and create employment opportunities and produce a new and better economic value here,”

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