GM Finalizes India Investment Plans

Auto giant and the World's biggest carmaker, General Motors has finalized greenfield production facility in Maharashtra and the company is looking to invest Rs 1,250 crore to set up what will be its second manufacturing unit in India.

According to Maharashtra Industrial Development Corporation CEO Rajiv Jalota, the company chose Talegaon near Pune for its mega project after considering 20 locations in five states, including Tamil Nadu. The negotiations in this regard were on for more than eight months.

The state has already announced setting up of a 1,000 mw power plant near Talegaon, aiming to fuel the rapid industrial growth in the area.