The New Delhi-based electrical component major N K Minda Industries plans to start its overseas plant in Uzbekistan.
The company is now planning to establish a base in Uzbekistan to meet the components demand in the Baltic region and feed Poland, Russian and other CIS member countries. Minda Industries managing director N K Minda said: "We are aggressively looking at the possibility of setting up an manufacturing facility in Vietnam and also in Uzbekistan."
It is supplying electrical components to major two-wheelers manufacturers — Yamaha, Suzuki, Honda — in the Asean region. While targeting BRIC nations, we plan to set our footprint in the Baltic region, and initially feed Poland and Russia from the Uzbekistan facility." The company’s marketing office in Uzbekistan will source components from its Indian operations.
