Honda cars reserves 24.162 hectares in Karoli industrial area
The Rajasthan Industrial Investment Corporation (RIICO) has reserved a large area of 24.162 hectares in the auto zone of the Karoli industrial area in Alwar district for Honda Cars India Ltd. The Karoli industrial area is an extension of the Tapukara where Honda Cars India Ltd (HCIL), a subsidiary of Honda of Japan, has set up its manufacturing unit.
According to Vijay Pal Singh, adviser (infrastructure) of RIICO, the 24.162 hectares are part of the vast 123.826 hectares being developed as the auto zone.
Honda has got this land reserved under the new open policy of RIICO where it will be setting up its ancillary units to manufacture spare parts and other accessories for the main unit.
The RIICO has fixed a price of Rs 6,000 per square metre for the Karoli industrial land. It is learnt that the Honda Cars is negotiating with the state government for a more competitive price for this large land area.
Vijay Pal Singh said that RIICO has already prepared a layout plan for the Karoli industrial area which will, apart from auto zone, have a general zone and electronic manufacturing cluster zone.
The industrial area will have a residential and commercial zone and …read more
