 | « Back to article | Print this article |
Japanese automaker Suzuki Motor Corporation chairman Osamu Suzuki, who is on a three-day visit to India, will meet Heavy Industries Minister Vilasrao Deshmukh on Friday and apprise him on investment and expansion plans for India.
Suzuki will also meet Haryana Chief Minister Bhupinder Singh Hooda, industry sources said.
The country's largest carmaker Maruti Suzuki India, majority owned by the Japanese firm, is investing up to Rs 1,500 crore (Rs 15 billion) in building test tracks and an R&D centre in Rohtak, Haryana.
Maruti is also considering increasing production capacity at its Manesar facility. A decision on this is likely soon.
The company is executing its three-year plan of Rs 9,000-crore (Rs 90-billion) up to 2010 and is working on plans for new investments and capacity expansion in the presence of Suzuki, who has come to India to attend the company's annual general meeting.
Earlier, Maruti officials had said they would have discussions with Suzuki on a range of issues such as further investments in the country, ramping up production capacity and handling the European export market.
Image: Suzuki Motor Corporation chairman Osamu Suzuki