Financial Daily from THE HINDU group of publications
Friday, Dec 16, 2005


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Corporate - New Projects


Volkswagen team likely to visit Mangalore today

Our Bureau

Mangalore , Dec. 15

GERMAN automobile manufacturer Volkswagen, which is looking for a suitable location to set up its unit in the country, is examining some sites in Karnataka. In this regard, a Volkswagen team is likely to visit Mangalore during the week.

Addressing members of the Kanara Chamber of Commerce and Industry (KCCI) here on Tuesday, Mr Mohammed Sanaulla, Karnataka Commissioner of Industrial Development, said that the team had visited Mysore and Hassan in the State. It is likely to visit Mangalore on Friday, accompanied by top officials from the Karnataka Government. Industry sources said that the sites likely to be visited by the team include Ganjimath and Konaje areas. The company wants around 400 acres for its Indian unit. The company's proposed investment is said to be about Rs 2,000 crore.

It may be mentioned here that Tamil Nadu is also making efforts to attract Volkswagen to that State.

Mangalore has good infrastructure in terms of road, rail and air connectivity, and seaport. However, the Government would need to allocate suitable land if the automobile major decides to set up its unit here.

Already the Oil and Natural Gas Corporation (ONGC), through its subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL), has promised Rs 21,000-crore investments in the petrochemical projects of the proposed coastal special economic zone in Mangalore.

Mr A. Srinivasa Rao, KCCI President, said ONGC's plans include the establishment of a naphtha-cracker unit. The by-products can be used in the manufacture of automobile spare parts. This may help the German automobile major, if it decides to set up its unit in Mangalore, he added.

More Stories on : New Projects

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Celebrity Fashions IPO price band fixed at Rs 160-180


IOC saves Rs 1,500 cr with Kandla-Bhatinda crude pipeline
ONGC board to consider interim dividend
Natco launches anti-fungal drug
Aurobindo Pharma gets USFDA nod to sell depression drug
Yellow Pages to be distributed at select petrol bunks in Coimbatore
Kirloskars cannot hike stake in Toyota Kirloskar beyond 11% — Original share buyback deal renegotiated
MoU controversy: DPE panel to study versions of ONGC, Ministry?
Nagarjuna Construction prices GDR at $ 5.11
IDMA patent awards for Aurobindo Pharma
VSP bags energy award
Learning to manage `tomorrow'
Managing with more
Finding the leader
Tata Steel to buy Thai co for $130 m
US co to buy stake in Biocon's subsidiary
Japanese firm Yanmar forays into farm implements market
Volkswagen team likely to visit Mangalore today
Glenmark inks pact with InvaGen for US market
IOC-OIL combine explores tie-up with Norway co
Torrent Pharma announces stock split, 1:1 bonus
Fresh revival plan for Dunlop to be submitted to BIFR on Jan 27
Hindustan Latex targets Rs 1,000-cr turnover
Venky's bets big on export of value-added chicken to Japan
Mankind Pharma targets Rs 1,000-cr turnover in 5 years
HPL eyes 20% sales growth
ISMT to focus on exports


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line