India

Now, parts of BMW to be manufactured in Punjab: CM Mann

Darpan News Desk IANS, 19 Sep, 2024 10:28 AM

Chandigarh, Sep 19 (IANS) Punjab Chief Minister Bhagwant Mann on Thursday assured cooperation to Modern Automotives Ltd for their plans to expand their project in the state and manufacture a pivotal part of automotive giant BMW.

A delegation of Modern Automotives Ltd, comprising Aditya Goyal, Suhail Goyal and Manish Bagga, called on the Chief Minister here. Now parts of BMW will be manufactured in the state, a statement by the state government said.

Today, a important meeting was held with officials to discuss investing in BMW vehicle parts manufacturing in Punjab. It was decided to establish a BMW parts manufacturing plant in Mandi Gobindgarh, where hundreds of crores will be invested, creating thousands of jobs for the… pic.twitter.com/zN67FtvOyk
— Bhagwant Mann (@BhagwantMann) September 19, 2024

During the meeting, he was informed that Modern Automotives has become the first Indian company to receive approval for deliveries of differential pinion shafts to German luxury vehicles manufacturer BMW AG Munich. They said the order has been confirmed for 2.5 million units valued at Rs 150 crore, adding that models with investment worth hundreds of crores for development and testing.

The models would be executed on the same premises by adding additional lines bringing in more revenue, employment and investment. Assuring full support and cooperation to the company for their future endeavours, the Chief Minister accepted the invitation of delegation to lay the foundation stone of the plant next month.

He said it is a matter of pride and satisfaction that the parts of leading automotive giant BMW will now be produced in the state.

CM Mann said that this move would give impetus to the state's industrial growth, besides highlighting it on the international map.

The Chief Minister reiterated that the state has an industry-friendly government with a real single-window system for the well-being of investors.

He said that Punjab is a land of opportunities and the leading companies from across the world are making a beeline to invest in the state.

CM Mann said that Punjab has complete communal harmony, and industrial peace coupled with a congenial atmosphere for industrial growth, which are giving impetus to its overall development, prosperity and progress.

Prev Next

MORE India ARTICLES

Amphetamine drugs worth Rs 8.5 crore seized in Hyderabad

Hyderabad Police have seized amphetamine drugs worth Rs 8.5 crore and arrested three accused. In a joint operation, the city police and Hyderabad Narcotics Enforcement Wing (HNEW) seized 8.5 kg of amphetamine drug and arrested a drug peddler and two associates.

Amphetamine drugs worth Rs 8.5 crore seized in Hyderabad

J&K Polls: Sikh Coordination Committee to field three candidates

The All Parties Sikh Coordination Committee (APSCC) on Monday announced that it will contest three seats in the Kashmir Valley during the upcoming Assembly elections in the Union Territory, as it sought help from the majority community to make its candidates successful. Appealing to the members of the majority community to come forward and support the Sikh candidates, Raina said their support will ensure victory for the APSCC nominees.

J&K Polls: Sikh Coordination Committee to field three candidates

India adds record 15GW of solar power capacity in first 6 months of 2024

In the second quarter of the calendar year 2024, the country commissioned 5 GW of solar capacity while in the first quarter (January-March) the new capacity that was added surged by as much as 9.9 GW, the report said. As of June 2024, the country's installed solar capacity stood at 87.2 GW and accounted for 19.5 per cent of the total energy mix, the report said.

India adds record 15GW of solar power capacity in first 6 months of 2024

Tripura flood: All educational institutions to reopen on Tuesday after a week's closure

After a week's closure due to flooding, all educational institutions in Tripura would re-open from Tuesday (August 27) except those schools which have been converted into relief camps, an official said on Monday. After the devastating floods and landslides triggered by heavy rainfall that began on August 19, the Tripura government announced the closure of all educational institutions including schools and universities for an indefinite period.

Tripura flood: All educational institutions to reopen on Tuesday after a week's closure

Punjab Police bust interstate gang targeting religious places; four held

In a major breakthrough, Punjab Police have solved the sensational Khanna Shiv Mandir theft case in less than a week by busting an interstate theft gang targeting religious places with the arrest of its four members, said Director General of Police (DGP) Gaurav Yadav here on Thursday. The operation was accomplished with the cooperation from Chandigarh Police, Uttarakhand Police and Uttar Pradesh Police.

Punjab Police bust interstate gang targeting religious places; four held

Amid uproar over RG Kar horror, Mamata writes to PM Modi seeking stringent anti-rape law

Confirming the development, Chief Advisor to Mamata Banerjee, Alapan Bandopadhyay, read out contents of the letter before mediapersons, which said the Chief Minister has suggested the setting up of special fast-track courts for speedy trials in such cases.