Major chunk of 350 crore, to be invested this fiscal, will go towards exports, says chairman.
Sundram Fasteners Ltd. (SFL) is focussing on exports to enable the company to tide over the slowdown in the domestic automobile sector.
“Currently, our exports stand at 35% and retail at 10%,” said Suresh Krishna, non-executive chairman, Sundram Fasteners Ltd. “In the coming years, we aim to increase it [exports] to 50%.”
Mr. Krishna also said that SFL had committed to invest 800 crore during 2018-19 and 2019-20, of which 350 crore would be deployed during the current fiscal.
A significant portion from this would go towards exports.
This story is from the August 09, 2019 edition of The Hindu.
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This story is from the August 09, 2019 edition of The Hindu.
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