chennai feb 9 sundaramclayton ltd the flagship company of usd 7 billion tvs group has planned to invest rs 750 crore as part of its plans to expand its facilities in the domestic market besides setting up a greenfield unit inthe united states sundaramclayton plans to invest rs 400 crore over three years to expand its facilities in india to cater to growth in the indian market sundaramclayton ltd said in a statement the citybased company a manufacturer and supplier of aluminium cast products to global automotive oems would invest an additional usd 50 million rs 350 crore to set up a 50 acre greenfield site in south carolinas dorchester county united states sundaramclayton ltd plans to invest for growth both in india and in the united states along with its subsidiary with the investment of rs 400 crore over three years in india the capacity will increase from 6000 mts to 70000 mts it said on setting up of the first manufacturing facility in united states with additional investment of over usd 50 million rs 350 crore the statement said it will create 10000 mt of capacity over a period of five years for setting up the factory in united states sundaramclayton ltd acquired 50 acre of land in dorchester county south carolina to manufacture high pressure die cast and gravity cast parts construction set to begin in april 2017 and the first product was likely to be rolled out by end of 2018 it said the move to set up a facility in south carolina united states was it contributes a major share of export revenue to the company the unit would also help the customers in the region with shorter supply chain and improved responsiveness to their requirements over the last decade the automotive components industry in india has grown three times in size and exports have grown rapidly as well i believe there is a bright future for indian auto component companies both in india and in the export market sundaramclayton ltd joint managing director dr lakshmi venu said noting that the united states was an important market for sundaramclayton venu said over the years we have built strong partnerships with global oems in the region and have decided to set up a stateoftheart facility in the united states to better support our customers there the dorchester county in south carolina offers certain strategic business advantages including proximity to high quality port a wellrounded transportation network welleducated diverse workforce and an excellent business environment she said vij rc