Mahindra Intertrade and MSTC sign JV to set up auto shredding centre – Feedback

Mahindra Intertrade today signed a joint venture agreement with MSTC to set up the country’s first auto shredding and vehicle recycling unit.

Gujarat and Maharastra have been short listed for setting up the facility, which will commence operations by early 2018. B B Singh, chairman and managing director, MSTC said, “India does not have any modern auto shredding plant as of now….We are sure of setting up a world class facility which will go a long way in recycling end of life vehicles and reduce dependence on mining iron ore and other resources.”

http://economictimes.indiatimes.com/industry/auto/news/industry/mahindra-intertrade-and-mstc-sign-jv-to-set-up-auto-shredding-centre/articleshow/53599049.cms

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