Onkar S Kanwar awarded
Onkar S Kanwar, Chairman, Apollo Tyres Ltd., was awarded with the Officers Cross (Civilian Division) of the ‘Order of Merit’ of Hungary. The award was conferred upon Kanwar in recognition of his work towards strengthening the Hungarian-Indian economic relations through the company’s investment in Hungary, thereby helping create new jobs in Hungary. This decoration was first awarded by the President of the Republic of Hungary, Janos Ader, on the recommendation of the Hungarian Prime Minister. H E Gyula Petho. The Ambassador of Hungary to India, officially handed over the ‘Order of Merit’ to Onkar S Kanwar in Delhi. Apollo Tyres has invested Euro 475 million to set-up a greenfield facility in Gyongyoshalasz, Hungary, to manufacture passenger car and commercial vehicle tyres. This facility currently employs 800 people, and is the company’s second production facility in Europe, and sixth worldwide. The production capacity continues to be ramped at in this facility, and will reach the planned production levels for Phase I by 2019.