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GWM reaffirms phased investment of $1 billion in India
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SME Times News Bureau | 16 Jun, 2020
Global SUV manufacturer GWM said on Tuesday that it has entered into an
MoU with the Maharashtra government to set up an automotive
manufacturing facility in Talegaon.
The company also reaffirmed
its commitment to invest $1 billion into the country in a phased manner.
The said investment is expected to generate over 3,000 jobs.
"This
would be a highly automated plant in Talegaon with advanced robotics
technology integrated in many of the production processes," said Parker
Shi, Managing Director of the Indian subsidiary of GWM.
"Overall,
we are committed to $1 billion of investment in India in a phased
manner, which is directed towards manufacturing world class intelligent
and premium products, R&D centre, building supply chain and
providing jobs to over 3,000 people in a phased manner," Shi said.
Strategically
located in the Talegaon Industrial Park, Maharashtra, it covers an area
of around 300 acres and is close to the expressway.
It is about 45 km from Pune and about 100 km from the Mumbai Port.
In
January this year, GWM had signed an agreement to acquire this plant
from GM. The factory has facilities like logistics distribution center,
training center, project management building, administrative office
building and public facilities.
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