TIDC India, a unit of Tube Investments of India (TII), is planning to invest over Rs 80 crore in Uttarakhand for setting up automotive chain, tubes and metal form plants. 

The company had already acquired 23 acres for the proposed plant. The new facility, spread over an area of 72,000 sq. ft., will have a capacity to manufacture 500,000 feet of drive and timing chains.

The Murugappa Group intends to invest Rs 33 crore in the automotive chain plant.

In addition, the company is also planning to invest around Rs 40-50 crore for setting up new plants for tubes and metal form for automotive in the same location. The new plants are expected to start before March 2009.