A leading Indian company is planning to invest in the central Anatolian province of Sivas.
India's leading ferro alloys manufacturer IMFA Group is getting prepared to make an investment in Sivas, a province home to rich underground reserves, a statement from the Chamber of Commerce and Industry of Sivas (TSO) said on Thursday.
IMFA Group will cooperate with Turkey's Yazici Group while making the investment, the statement said.
IMFA Group's Director General Arvind Mishra paid a visit to TSO's headquarters as part of his research on the investment opportunities in Sivas and held talks with the chamber's chairperson Osman Yildirim on Thursday.
During the visit, Yildirim said that a vacant land would be allocated to IMFA group free-of-charge at the Organized Industrial Zone of Sivas, and the company would later construct a factory on it.
Based in the eastern State of Orissa well known for its rich natural resources, IMFA is India's largest, fully integrated producer of Ferro Alloys with 157 MVA installed furnace capacity, a 108 MW coal-based Captive Power Plant and extensive Chrome Ore mining tracts.
Source: Turk Net
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