Mercedes Benz has decided to invest Rs 2,000 crore in
upgrading its factory at Chakan in Pune, which the Maharashtra government says
is an endorsement of its commitment to the ease of doing business in the state.
The company is planning to invest Rs 2,000 crore over
five years in the unit.
Apurva Chandra, industries secretary, Maharashtra told
that the Maharashtra government has received an application from Mercedes Benz,
seeking to upgrade its manufacturing capacity in Pune which manufactures luxury
cars from 40,000 to 80,000 units per year. This will also help in creating more
jobs in the state and it shows the state's commitment to industries is being
reciprocated.
Chief Minister Devendra Fadnavis who met Roland Folger,
managing director and CEO of Mercedes India said that the state will ensure
speedy clearance for the company's new unit.
Source: businessinsider