Will be investing in the next 12 to 18 months, says Mukesh Ambani.
To help the company to develop capabilities and infrastructure in India.
Praises PM Narendra Modi and his government’s ‘Make in India’ campaign
Calls it new form of federalism: Co-operative and Competitive Federalism.
Allows manufacturers to form, flash weld and cold roll the steel with less chance of splitting and rim failure.
Five participating divisions of MiG & accessories complexes involved in the mega program.
Plans to add 4-5 lakh sq ft of warehousing space every year.
Will also provide royalty-free use of approximately 70 hydrogen-station-related patent licenses.
Will report to the Market Group Leader, Lighting Solutions, Philips Growth Markets.