G K Winding Wires Ltd, a manufacturer of winding wires for automotive electrical equipment makers, has begun construction works at its production unit at Sri City in Andhra Pradesh. This will be its fourth plant in the country.

After laying the foundation stone for the project, Sameer Agarwal, Managing Director, said, “Ease of doing business and the supportive attitude of the Sri City management, made us prefer Sri City. Another major factor was the state’s leadership that ensured a balance between the needs of the industrialists and interests of the local people.” “Through this plant, besides meeting domestic demand, we will export our products to other countries,” he said in a statement from Sri City.

Ravindra Sannareddy, Founder and Managing Director, Sri City said, “As a leading brand in enamelled wires, its presence will certainly facilitate the automobile units in Sri City and also those in and around Chennai.” The unit, which will be built on a five-acre plot in the Domestic Tariff Zone (DTZ) at an initial investment of around Rs 35 crore, will produce enamelled wires of copper and aluminium.

The plant, which is expected to be ready by March 2019, will create job opportunities for about 100 persons. GK Winding Wires Ltd has been in the business of making copper and aluminium winding wires since 1975. The company achieved a turnover of Rs 410 crore in 2017-18. Its customers include Lucas TVS, Denso, Valeo, Philips, ELGI and LG, primarily in the auto electrical and appliances space. The company, headquartered in Noida, has three production units in North India, and the Sri City unit will be its fourth plant.

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