Ruia Group to focus on African markets

The diversified $1.7 billion Ruia Group is betting big on the auto ancillaries industry, especially in the sealing business, with a spate of overseas buyouts and domestic investment, with Africa now the focus area for the future.The group, which has brands like Dunpop, Falcon and Jessop in its kitty, is setting up a Greenfield unit for automotive sealing at Pune with an investment of Rs.110 crore. “Since our tyre business was matching well with the sealing systems sector, we had good understanding, and so we thought it would be best for us,” Ruia Group chairman Pawan K. Ruia told IANS in an interview here. From / Gulf Today