डीईजी ने मध्य प्रदेश में विस्तार के लिए जेके टायर को 30 मिलियन यूरो का ऋण प्रदान किया।

DEG provides a EUR 30 million loan to JK Tyre for its expansion in Madhya Pradesh.

DEG – Deutsche Investitions- und Entwicklungsgesellschaft has announced a long-term EUR 30 million loan to JK Tyre & Industries Ltd (JKTIL), part of the JK Organisation. This funding will support the sustainable expansion of production capacities at the company's facility in Madhya Pradesh, India.

Joachim Schumacher, a member of the DEG Management Board, highlighted the long-standing partnership between DEG and JK Organisation. He expressed confidence in collaborating with the tyre division, focusing on shared goals of transformation and commitment to global environmental and climate targets, including substantial reductions in carbon emissions.

Dr. Raghupati Singhania, Chairman and Managing Director of JK Tyre & Industries, emphasized that the EUR 30 million loan would help finance the company’s EUR 114 million Passenger Car Radial (PCR) tyre expansion project. He noted that this investment would strengthen JK Tyre’s position in the PCR segment while also contributing to India’s economic and social development. He reiterated the company’s sustainability commitment, including a goal to reduce carbon intensity by 50% by 2030, integrating sustainability into both manufacturing and product development processes.

In recent years, JK Tyre has taken several steps to enhance its sustainability framework. Currently, 40% of its energy needs are met through self-generated green electricity, and the company is recognized among the top three globally for low energy consumption. The loan will support further transformation efforts, including the transition from coal to biomass for boilers at the expanded facility. Additionally, the company is working on developing tyres made from recycled materials, which are expected to hit the market soon.

DEG is increasingly aligning its strategy with sustainable and economically viable transformations, offering solutions that emphasize responsible resource use. Its expanded services now include resource efficiency assessments, helping companies adopt sustainable practices.

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