July 30, 2015
Prominent UK industrialist keen to set up sports car hub in Bengal
Prominent UK investor Lord Swraj Paul-led Caparo Group may set up a compact sports car manufacturing unit in the state.
With West Bengal Chief Minister Ms Mamata Banerjee by his side, Lord Paul said on Wednesday that his company is looking forward to integrating its auto ancillary business. Currently the group is working on the design of a low-end sports car for the Indian and Asian market.
The Caparo group has business interests in the manufacturing and marketing of car bodies, steel sheets and other auto engineering products. “This project is currently at the R&D stage. We have entrusted British Formula One giant McLaren with its design. If all goes well, India would be the place where I plan to set up its manufacturing base,” Paul said.
When asked, if Bengal would be his preferred choice, Paul replied: “West Bengal would certainly have the first rights of refusal.”