VW to set up manufacturing plant in south India
9 May 2005, NEW DELHI - German automobile major Volkswagen will be setting up a manufacturing plant in the southern Indian state of Andhra Pradesh, it was reported on Sunday.
9 May 2005
NEW DELHI - German automobile major Volkswagen will be setting up a manufacturing plant in the southern Indian state of Andhra Pradesh, it was reported on Sunday.
The USD 900 million (EUR 702 million) facility will be set up at the port town of Vishakhapatnam, Andhra Pradesh's minister for industries Botsa Satyanarayana said, according to news agency PTI.
The minister said a team of Volkswagen officials would visit Andhra Pradesh later this month to discuss matters relating to the location of the plant and its ancillary units.
"Initially, Visakhapatnam was to be an assembling unit with parts coming from their manufacturing facilities around the world. Now it has been decided that it is going to be a full- fledged manufacturing unit and ancillary units", Satyanarayana said on his return from Germany where he visited Volkswagen's headquarters.
The plant would be spread over 141 hectares and generate up to 10,000 jobs.
"We expect everything to be crystallised in 30 to 40 days," Satyanarayana said.
Subject: German news