The Rajasthan Industrial Investment Corporation (RIICO) has reserved a large area of 24.162 hectares in the auto zone of the Karoli industrial area in Alwar district for Honda Cars India Ltd. The Karoli industrial area is an extension of the Tapukara where Honda Cars India Ltd (HCIL), a subsidiary of Honda of Japan, has set up its manufacturing unit. The RIICO has fixed a price of Rs 6,000 per square metre for the Karoli industrial land. It is learnt that the Honda Cars is negotiating with the state government for a more competitive price for this large land area. The Karoli industrial area will have 322 industrial plots and 960 residential plots having area ranging from 100 square metres to 300 square metres.

Source: dna September 15, 2017 02:48 UTC