Follow us on
Welcome Guest! You are here: Home » Business & Economy
Indian automotive graphics maker invests in Indonesia
Saturday August 24, 2013 3:29 PM, IANS

Indian automotive graphics manufacturer Classic Stripes Private Limited (CSPL) has set up a factory in Indonsia which it hopes will becomes its hub for export to ASEAN.

The plant, in Cikarang in Bekasi regency, was unveiled Saturday by Indian ambassador Gurjit Singh.

While unveiling the facility, Singh said Indian companies are investing in Indonesia with the latest technology, creating employment and are trying to build a partnership.

With an investment of US$ 5 million, the unit has the production capacity of upto 2 million units per year

He said that investment by CSPL indicates rising confidence of Indian companies in Indonesia. Singh also said there has been slow but steady investment from India to Indonesia.

Budi Darmadi, director general, Ministry of Industry of Indonesia and Kishore Musale, chairman and managing director, CSPL were also present during the inauguration.

Muslae felt there is good opportunity for his company in Indonesia and was confident of the market success. He said in due course the Indonesian unit will become the hub for its exports to other ASEAN countries.

CSPL, part of the ASTARC Group of Companies, has a production capacity of over 15 million automotive graphic sets per annum. It is also present in the UK, US and the Middle East.

Share this page
Note: By posting your comments here you agree to the terms and conditions of
comments powered by Disqus
| Quick links
Contact us
Subscribe to: RSS » Facebook » Twitter » Newsletter Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.
© 2012 Awaz Multimedia & Publications. All rights reserved.