#Peugeot Citroen to set up Rs 4,000 crore facility in Gujarat*
>French automaker PSA Peugeot Citroen will set up 4,000-crore facility at Sanand in Gujarat, an emerging auto hub in the country after Gurgaon, Pune and Chennai.
-A senior official in the Chief Minister's Office said the multinational zeroed in on Gujarat after exploring locations in Tamil Nadu and Andhra Pradesh.
>A Peugeot delegation, including Gregoire Olivier, CEO and Frederic Fabre, managing director of PSA Peugeot (India project), will be coming to Ahmedabad on Thursday to sign a memorandum of understanding for the car project.
-The bikes and passenger carmaker is likely to be allotted land in the neighbourhood Ford Motor's upcoming facility in Sanand, 40 km from Ahmedabad, also home to Tata Motor's Nano project.
>the company plans to manufacture a mid-sized sedan in Gujarat with a 3 lakh cars per annum capacity.
>Sanand came into the limelight after Tata Motors relocated Nano mother plant from Singur in West Bengal.
-Gujarat houses General Motors' largest India facility at Halol near Vadodara. Maruti Suzuki India, too, has announced to set up its second plant in Gujarat which has evinced interests from Bajaj Auto and Hero Honda (now Hero Motocorp) as well
>Peugeot Officials coming To sign MoU with Gujarat Government Tomorrow
>>Force Motors also eye at Gujarat
>French automaker PSA Peugeot Citroen will set up 4,000-crore facility at Sanand in Gujarat, an emerging auto hub in the country after Gurgaon, Pune and Chennai.
-A senior official in the Chief Minister's Office said the multinational zeroed in on Gujarat after exploring locations in Tamil Nadu and Andhra Pradesh.
>A Peugeot delegation, including Gregoire Olivier, CEO and Frederic Fabre, managing director of PSA Peugeot (India project), will be coming to Ahmedabad on Thursday to sign a memorandum of understanding for the car project.
-The bikes and passenger carmaker is likely to be allotted land in the neighbourhood Ford Motor's upcoming facility in Sanand, 40 km from Ahmedabad, also home to Tata Motor's Nano project.
>the company plans to manufacture a mid-sized sedan in Gujarat with a 3 lakh cars per annum capacity.
>Sanand came into the limelight after Tata Motors relocated Nano mother plant from Singur in West Bengal.
-Gujarat houses General Motors' largest India facility at Halol near Vadodara. Maruti Suzuki India, too, has announced to set up its second plant in Gujarat which has evinced interests from Bajaj Auto and Hero Honda (now Hero Motocorp) as well
>Peugeot Officials coming To sign MoU with Gujarat Government Tomorrow
>>Force Motors also eye at Gujarat
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