Gujarat for maruti plant?
A team of officials led by Suzuki Motor Corp chairman Osamu Suzuki, MSIL chairman RC Bhargava and MSIL MD S Nakanishi on Thursday met Gujarat chief minister Narendra Modi and state officials in Gandhinagar.autos Updated: Sep 08, 2011 21:13 IST
Gujarat is one of the states on the radar of Maruti Suzuki for setting up a million-car manufacturing facility. A team of officials led by Suzuki Motor Corp chairman Osamu Suzuki, MSIL chairman RC Bhargava and MSIL MD S Nakanishi on Thursday met Gujarat chief minister Narendra Modi and state officials in Gandhinagar.
"A final decision regarding a new faciltiy will be taken by October-end," Bhargava told reporters after the meeting."A new facility will be spread in 500 acre area in addition to a vendors' park in another 500 acres. Gujarat is one of the options the company is exploring."
Also on the radar are Maharashtra and Karnataka, he said.
Sources told HT that MSIL has shortlisted 3-4 locations including Mundra SEZ.
MSIL has a long term tie-up with Adani group, developer of Mundra port and SEZ, for exporting cars from its dedicated car terminal.
MSIL is the latest in a string of auto-makers willing to invest in the state, which has emerged as the preferred destination after tata Motors shifted its controversial car project Nano from West Bengal to Gujarat.
Last month, French giant Peugeot inked an agreement with the Gujarat government to set up a manufacturing plant with investment of Rs 4,000 crore in Sanand, which is fast emerging as the top auto hub in the state.
In late July, American automaker Ford Motors signed a deal with the Gujarat government for setting up its second plant in India at Sanand where the company has recently commenced its works.
The Ford has commited investment of Rs 45,00 crore in the state.
Both Peugeot and Ford have planned to commission their units by 2014.
First Published: Sep 08, 2011 21:10 IST