Maruti to invest Rs1000 crore in Haryana R&D centre: reports
19 August 2009
Maruti Suzuki India Ltd will invest more than Rs1,000 crore to build its first India-specific research and development centre, spread over 700 acres at Rohtak in Haryana, research and development centre in the country, according to reports.
An agreement to develop the new centre is to be signed between Maruti and the Haryana government on 21 August, when chief minister Bhupender Singh Hooda will formally hand over the land. However, a company spokesperson declined to comment on the size of the investment.
Maruti, the local unit of Japan's Suzuki Motor Corp, currently has manufacturing facilities at Gurgaon and Manesar in Haryana. It had recently requested the Haryana government for 700 acres in IMT Rohtak for setting up an R&D facility, test course and accommodation for ancillaries.