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New Delhi, Jan 14 (IANS) Two-wheeler major Hero MotoCorp Monday said that it has started construction of its fourth manufacturing plant and a new global parts centre (GPC) in Rajasthan at an investment of Rs.550 crore.
"Both the facilities are expected to be operational towards the end of the financial year 2013-14," the company said in a statement adding that the facilities will be developed at Neemrana in Rajasthan.
The plant, according to the company, will be spread over an area of 47 acres, provide direct employment to over 1,000 people, and have an installed capacity of 750,000 units per annum.
The GPC, which is expected to be operational in the third quarter of financial year (2013-14), will initially employ 400 personnel.
"The state-of-the-art GPC will have automated storage and retrieval system, automated packaging and sorting system, on-line tracking of parts through warehouse management system (WMS)," the statement added.