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Peugeot bhoomi pujan in Sanand, Gujarat

15/11/2011 | Author: Autoguide | 0 Comments Back To Home   < Previous News   |   Next news >

Officials at the Bhoomi Pujan

EARLY this month, Peugeot held the ground-breaking ceremony of its future industrial site in India, at Sanand in Gujarat. The ‘bhoomi pujan’ was jointly performed by Mr Grégoire Olivier, Member of the Managing Board PSA Peugeot Citroën and CEO of Asian Operations, Mr Vincent Rambaud, Dire­ctor General of Peugeot and Mr.Frédéric Fabre, Managing Director of PCA Motors India. Gujarat Chief Minister Mr Narendra Modi who was present during the ceremony, said: “Gujarat is emerging as a global auto hub. I congratulate Peugeot on becoming a part of it.” “I take this opportunity to reiterate and reassure you of the longstanding commitment and dedication that we devote to this project,” said Mr Vincent Rambaud. “Peugeot will grow together with you by bringing the best of its passion, know how and technology to incredible India, vibrant Gujarat and to all those involved in making our journey successful,” he added. The ground-breaking ceremony signifies an important landmark for the development of Peugeot’s India project which follows the State Support Agreement (SSA) signature held in Gandhinagar in September, 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 over an area of 600 acres, to which Peugeot will add a suppliers park for a global investment of ` 4,000 cores, approximately €650 million. This investment will add up to 5,000 new jobs for the auto 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 Peugeot Brand will be exhibited at the Delhi Auto Expo in January 2012.   

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