JK Group to invest Rs 20,000 crore in next 3-4 years

NEW DELHI: JK Group is planning to invest about Rs 20,000 crore over a period of next 3-4 years on capacity expansion of its companies.

"We have plans to invest about Rs 20,000 crore in our group companies over a period of next 3-4 years. Most of it will be done in capacity expansion," JK Organisation Director Bharat Hari Singhania told PTI on the sidelines of a function to mark the 130th birth anniversary of Lala Kamlapat Singhania, founder of JK Group.

Bharat Hari said the JK Group's turnover is over Rs 22,000 crore, including exports of over Rs 1,300 crore and is set to double in the next 3-5 years.

JK Organisation is on an expansion spree across its businesses in the power, tyre, cement, paper, dairy, defence and agri industries.

Telecom Minister Ravi Shankar Prasad, chief guest at the event, said: "JK Organisation needs to leverage its excellence in manufacturing and take a lead to realise dream of 'Make in India' globally with zero defect product," Prasad said.