Volkswagen interested in setting up Engine Assembly Unit in Kerala

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Kochi: With regard to reports by a section of the media that German auto major Volkswagen has not proposed an Engine Assembly Unit in Kerala, the Government today clarified that such a proposal had indeed been discussed with representatives of Volkswagen Group India at the Emerging Kerala 2012 Global Connect which concluded in Kochi on September 14.

A delegation representing Volkswagen Group India, including Mahesh Kodumudi, Executive Director and Pankaj Gupta, Head, External Affairs, held discussions with Chief Minister Shri Oommen Chandy on September 11 and the Minister for Industries & IT Shri P K Kunhalikutty on September 12 in Kochi. Based on this, the CM had announced this proposal during the valedictory function.

Volkswagen Group India expressed their interest in setting up an Engine Assembly Unit either in Kochi or in Trivandrum. The proposal sought around three to five acres of land for setting up the facility, with an estimated total investment of Rs 2,000 crores. The discussions were positive and the Government intends to follow up the proposal. Action will be taken to facilitate the project with due diligence in all matters.

According to the release, all media reports indicating that Volkswagen has not put forward the proposal for the Engine Assembly Unit are incorrect and the company has expressed interested in bringing the project to Kerala.

Volkswagen India Group had desired to highlight the project at Emerging Kerala 2012 connect initiative.

Kerala Biz News

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