First ever AFG post involving Myanmar….
Tata Motors today signed a turnkey contract with Myanmar Automobile & Diesel Industries Limited (MADI), an enterprise under the Government of Myanmar’s Ministry of Industry-2, for setting up a heavy truck plant, at Magwe, approximately 480 km from Yangon, funded by a Line of Credit from the Government of India.
The facilities planned at the plant include a highly flexible chassis & frame assembly line along with a cab manufacturing, painting & trimming set-up. The plant is expected to become operational by the last quarter of 2015-11, with a capacity of 1,000 vehicles per year. The capacity can be expanded to 5,000 units.
