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

Protest to continue until demands are met, say farmers

Farmers stated that they have been protesting at zero point of Yamuna Expressway for the last three days for their various demands, yet they are being ignored. "The District Administration wants to forcefully end the protest, but we will not allow it to happen," they alleged. Recently, Rakesh Tikait, the national spokesperson of the Bharatiya Kisan Union, had also come to participate in this demonstration.

Protest to continue until demands are met, say farmers

Ahead of panchayat polls in Haryana, Dera Sacha Sauda chief gets 40-day parole

During the parole, he will be staying on the Dera's premises in Rajasthan. He has been lodged in Sunaria jail since 2017 after being convicted in rape and murder cases. Last year he was also released from the jail thrice for various reasons, including his plea to meet the ailing mother.

Ahead of panchayat polls in Haryana, Dera Sacha Sauda chief gets 40-day parole

Attack on our student in Australia should be taken seriously: India

Shubham Garg, 28, who is pursuing PhD in mechanical engineering from the University of New South Wales, was stabbed multiple times on his face, chest and abdomen when he was walking along the Pacific Highway while returning to his place of residence.

Attack on our student in Australia should be taken seriously: India

Bomb threat on Moscow-Delhi flight, search underway at Delhi airport

The police said that they got the PCR call at around 11.15 p.m. that the flight which was coming from Moscow, and was scheduled to land at 3.20 a.m., had a bomb in it. After receiving the call all the security agencies were put on standby the whole night.

Bomb threat on Moscow-Delhi flight, search underway at Delhi airport

Watched helplessly as daughters taken to Lingayat seer's pvt room: Mother recounts horror

One of her daughters,the woman said, was sexually exploited by the accused seer till she attained puberty. She had admitted her daughters to SJM Kannada medium school in 2016 in third and first standards. They stayed at the mutt's residential facility.

Watched helplessly as daughters taken to Lingayat seer's pvt room: Mother recounts horror

Haryana for starting SYL canal construction, Punjab says not even drop of water to share

Punjab Chief Minister Bhagwant Mann and his Haryana counterpart Manohar Lal Khattar on Friday failed to reach a consensus over the contentious Sutlej Yamuna Link (SYL) canal issue at a crucial meeting on the issue held here.