13 November 2018 Current Affairs:
Balkrishna Industries Limited (BKT), a leading off-highway tire manufacturers, is planning to invest $100 million to set up its new production unit in the United States. This unit will be its first manufacturing site outside of India. The yearly production from the tire manufacturing plant is expected to produce around 20,000 MT in the entire Off Highway tire segment.
Currently, Europe is BKT’s largest sales market accounting for more than half of its overall turnover.