Triumph is getting ready to restructure their plans for India with the legendary British motorcycle manufacturer shifting its investments to Haryana from Karnataka. As per a recent report in Economic Times the reason behind this is the uncooperative nature of the government. This comes as a major blow to the state which is also rumoured to be in line to lose several more brands.
The proposed 30 acre plot was set to come up in an industrial area in Kolar district. That’s roughly 50 km from the IT capital Bangalore. With an investment set in the line of around Rs 850 crores in two phases, the move severely impacts the state. With a chance to create employment for thousands of people, the plant was reported to have an initial capacity of 2.5 lakh motorcycles a year.
The report adds that the company had even paid an unconfirmed amount as an advance to Karnataka Industrial Areas Development Board. This organisation is the central agency under the state government for land allotment and acquisitions. Cleared back 2012, the project though failed to move due to unnamed problems.
So where are they moving to next? Manesar! That’s where they already have a CKD assembly facility. Well, expanding the existing assembly setup does make sense. We will keep digging into the matter and bring in more details as and when they come.
