India: PSA to set up Rs40bn facility in Tamil Nadu

French vehicle manufacturing group PSA Peugeot Citroen settled on a site in Sriperumbudur, near the southern Indian city of Chennai, to set up its first manufacturing facility in India. The project entails investment of Rs40bn (US$891.56m). "PSA has proposed to establish this Indian project as a 100% subsidiary of the parent It’s time to log … Continued

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• June 29, 2011