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Our Bureau

Hyderabad , Dec. 23

GERMAN automotive major Volkswagen has finally decided to set up its manufacturing unit in an extent of 400 acres located opposite the steel plant at Visakhapatnam, according to the Andhra Pradesh Minister for Major Industries, Mr Botcha Satyanarayana.

The Minister told newspersons here on Thursday that Volkswagen had also identified its Indian partner in the proposed Rs 1,000-crore manufacturing facility but declined to identify the joint venture partner.

"A Volkswagen team will be arriving here by this month-end or in the first week of next month when they will make an announcement about their joint venture partner," he said.

More Stories on : New Projects | HCV/LCV/Tractors | Andhra Pradesh

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