Automotive switches and batteries maker Minda Industries Ltd (MIL) on Aug 29 declared setting up of a manufacturing facility at Bidadi, Bangalore to produce blow-moulding parts at an infusion of Rs 25 crore. The facility with an annual capacity of 6 lakh parts has been establishedin partnership with Indonesia-based, $400-million Kyoraku, which has a dominant presence in Japan and Indonesia. MIL will support the requirement of various car makers comprising Toyota from the new facility. The company said it is aiming a business of Rs 50 crore over the coming years.
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