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Commercial Vehicle Manufacturing Plant in Bhopal with Rs 500 crore investment

13 Mar 2018
Commercial Vehicle Manufacturing Plant in Bhopal with Rs 500 crore investment

Managing Director of VE Commercial Vehicle Limited, a joint venture of Eicher and Volvo Group Shri Vinod Agarwal today met Chief Minister Shri Shivraj Singh Chouhan at his room in Vidhan Sabha. He told the Chief Minister that his company was going to start a commercial vehicle manufacturing plant at Bagroda in Bhopal next year with an investment of Rs 500 crore under its expansion programme. The company has made an investment of about Rs 4,000 crore already in the state. During the discussion Shri Agarwal told the Chief Minister that land had already been purchased for the plant in Bhopal and production will start by coming October 2019. Nearly 25 thousand persons have been given employment in his industry set up in Pithampur.

CM Shri Chouhan said that the environment for investment in the state is congenial. Several big industries are coming in the state. State government’s policy is that of Udyog Mitra.

During the discussion Chief Secretary Shri B.P. Singh, Principal Secretary Commerce and Industry Shri Mohammed Suleiman, Principal Secretary to Chief Minister Shri S.K. Mishra, Shri Ashok Vernawal and Shri Vivek Agarwal, Management Director of TRIFAC Shri D.P. Ahuja besides Shri Rajendra Sachdeva and Shri Anders Heather of VE Commercial Vehicle Limited were also present