Insta
Maruti Suzuki To Invest Rs 18,000 Crore In Setting Up New Factory In Haryana; To Produce One Million Units Annually
Swarajya Staff
Jul 14, 2021, 03:52 PM | Updated 03:52 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Automotive manufacturer Maruti Suzuki is set to invest Rs 18,000 crore at a new factory in Haryana and aims to manufacture about one million units on an annual basis. This new unit, which was postponed owing to the Covid-19 pandemic, will be replacing the company’s first factory that was situated in Gurugram.
It will be spread across an area of around 700-1000 acres, and the company’s chairman R C Bhargava assured that they were negotiating with the Haryana state government regarding its newly introduced policy reserving jobs in the private sector for the local population.
“We have a plan to invest Rs 17,000-18,000 crore. The total capacity that we are planning is between 7.5 lakh and 10 lakh cars per annum. This is the scale that we are looking at,” Bhargava’s confirmation with respect to this new development was quoted in an article by the Business Standard.
The Haryana State Employment of Local Candidates Act, 2020 makes way for a whopping 75 per cent reservation of local people in private sector jobs in the state where the salary is less than Rs 50,000 a month.
Bhargava expressed concern at this provision but assured that Maruti is asking the state government to work out a solution that will benefit the involved stakeholders mutually.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.