Chief Minister H.D. Kumaraswamy has urged the management of JK Tyre to bail out Falcon Tyres, a tyre manufacturer in Mysuru that was closed down.
Speaking after inaugurating the JK Tyre’s new R&D facility on Tuesday, he credited JK Tyre with turning around the erstwhile Vikrant Tyres, a public sector company, which was on the verge of turning sick more than two decades ago.
Mr. Kumaraswamy made an appeal to Raghupati Singhania, Chairman and Managing Director of JK Tyre, to take up Falcon Tyres and bail out the manufacturer. He said the families of the employees of Falcon Tyres were facing numerous livelihood problems and offered all government help if JK Tyre took up its responsibility.
He recalled the contribution of JK Tyres to saving the erstwhile Vikrant Tyres by becoming its strategic alliance partner in 1997. JK Tyres, which has now taken over Vikrant Tyres, has expanded the company and created many employment opportunities.
Mr. Kumaraswamy said the decision to induct JK Tyres as a strategic alliance partner of Vikrant Tyres, which paved the way for the growth of the company, was taken by the erstwhile JD(S) Government in 1997.
Earlier, the CM inaugurated the Raghupati Singhania Centre of Excellence at JK Tyres in Hebbal Industrial Area in Mysuru. Mr. Singhania; Jitendra Jadhav, Director, CSIR-NAL; Minister for Higher Education G.T. Deve Gowda, who is also Minister in-charge of Mysuru; and Minister for Tourism and Sericulture S.R. Mahesh were also present.