Peugeot had finalised Gujarat to be the home for its Indian plant. Today, the Board Members of PSA Motors India performed the bhoomi poojan and the ground-breaking ceremony.
The ground-breaking ceremony signified a new landmark for the development of Peugeot’s India project which follows the State Support Agreement signature held in Gandhinagar on September 1st, 2011. This new milestone is in-line with Peugeot’s introduction schedule for its industrial and commercial settlement in India.
The future automotive and engine/gearbox plant will be constructed on an area of 600 acres, to which Peugeot will add a suppliers park for a global investment of Rs 4,000crores. This investment will add up to 5,000 new jobs for the automobile hub. In conjunction with this, Peugeot and the Gujarat state have the intention of creating an Automotive Skills Development Institute (ASDI) to be located within the Sanand Automotive cluster and contribute to its further growth and development.
The next step to be carried out over the coming weeks will include the completion of soil analysis, immediately followed by preliminary ground levelling works. The beginning stages of laying the foundation are scheduled subsequently. The Peugeot Brand will be at the Delhi Auto Expo in January 2012.
