Japanese auto major Suzuki Motor Corp (SMC) chief Osamu Suzuki on Friday met Gujarat Chief Minister Anandiben Patel, even as the State Government cleared issues related to the company owning and investing at the upcoming plant in the State instead of its Indian arm Maruti Suzuki.
Mr. Suzuki and Ms. Patel discussed SMC’s proposed plant coming up at Hansalpur village of Ahmedabad district at an estimated investment of Rs.4,000 crore, according to an official statement.
He told Ms. Patel that the plant would be operational by May 2017, it added.
A senior government official said the State had sorted out all the issues pertaining to the transfer of ownership of the Gujarat plant to Suzuki from Maruti Suzuki India (MSI).
“At present, all the technical issues have been sorted out. Concession on VAT is not at all an issue, as we are going to give them concession,” said State Additional Chief Secretary Finance Hasmukh Adhiya.
