Suzuki Motor Corp on Tuesday said it will complete by 2017 a car factory at Gujarat, a state it selected for the investment for its good power and infrastructure.
"The company has selected Gujarat for its new facility because it has good infrastructure of roads and has abundant power supply," Suzuki Motor Corporation Chairman & CEO Osamu Suzuki said.
Addressing a business symposium during Indian Prime Minister Narendra Modi's visit to Japan, Suzuki said: "We have decided to expand capacity of our plant in Gujarat. It is to be completed in 2017.
"We are happy to make investments in India. We have selected Gujarat because it has best power situation." Praising the Indian Prime Minister, Suzuki said: "Modi focused on this issue (infrastructure and power) and he turned it (Gujarat) into a good power state. "Modi is friend and we would like to be in touch with you (Modi)."
When Suzuki's Gujarat project becomes fully operational, its total annually capacity will be 3 million, up from the current 1.5 million from the Gurgaon and Manesar plants of its subsidiary Maruti Suzuki India ltd. MSIl is in the process of getting minority shareholders' nod to let its parent Suzuki Motor Corp own and invest in its Gujarat facility.