![]() Financial Daily from THE HINDU group of publications Wednesday, Dec 14, 2005 |
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Corporate
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New Projects Industry & Economy - Foreign Direct Investment VW team holds talks with TN Govt Our Bureau
Chennai , Dec. 13 A TEAM from Volkswagen, the German car manufacturer, on Tuesday held discussions with the Tamil Nadu Government officials, as part of its on-going process of finding a location to set up a manufacturing plant. According to reliable sources, there has been a change in Volkswagen's business plan. Earlier, the company was thinking more in terms of a plant where it would assemble semi-knocked down kits, but is now planning a full-fledged passenger car manufacturing plant. This means that the company would require land for a vendor park, apart from its own manufacturing plant. The company has been shown a couple of sites near Sriperumbudur, about 55 km from Chennai along the national highway to Bangalore. While one team from Volkswagen has been visiting the sites another has been holding discussions with the officials on the kind of support that the Government will offer.
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