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Tuesday, June 20, 2006

Volkswagen to set up Rs.15 billion facility : IIPM

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German automobile giant Volkswagen has got the approval from Punjab government to set up a Rs.15 billion manufacturing facility in the state. Besides granting assurance of sufficient power supply, water supply and capital subsidy for the project, the government is also ready to appeal to the Railway Ministry for direct rail link to the factory, if the Volkswagen official so desired. Cars priced between Rs.400,000 and Rs.1,000,000 will be manufactured in this facility.

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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