MRF, country's leading tyre manufacturer, is planning to set up an Rs 900 crore manufacturing facility in Medak district of Telangana. The company has received the formal approval from the State Government to set up the manufacturing facility. The permissions were given as part of the State’s new Industrial Policy TS-iPASS (Telangana State Industrial Project Approval and Self Certification System).
MRF is India’s No.1 tyre manufacturing company with a turnover of Rs 14,000 crore. Currently, the company exports tyres to over 80 countries including America, Europe, Middle East, Japan, and the Pacific region. The overseas market contributes to 10-12% of the company's turnover at present.
