BMW To Set Up Auto Parts Manufacturing Unit In Punjab: Bhagwant Mann

Punjab Chief Minister Bhagwant Mann meets with a BMW delegation in Munich, Germany

Munich (Germany):

The efforts of Punjab Chief Minister Bhagwant Mann to rope in main investments from Germany bore fruit on Tuesday as main auto big BMW agreed to arrange its auto half manufacturing unit in state, the state authorities stated in a press release.

A choice to this impact was taken throughout Mr Mann’s go to to BMW headquarters in Munich right this moment.

Mr Mann showcased the Punjab authorities’s exemplary work to advertise {industry} within the state after which BMW agreed to arrange its auto part unit in state, the federal government stated.

This would be the second unit of the corporate in India, after the one in Chennai. Mr Mann stated the unit will give a significant increase to industrial progress of Punjab and create jobs.

The Chief Minister invited BMW to collaborate with Punjab within the e-mobility sector. He was apprised that e-mobility is a significant sector of focus for the auto big which targets 50 per cent of its world gross sales to encompass totally electrical autos by 2030 beneath the management of Chairman of the Board of Management, BMW AG, Oliver Zipse.

The Chief Minister stated his authorities has labored arduous for the not too long ago accepted Punjab’s electrical automobile coverage. Mr Mann stated Punjab’s EV coverage is predicted to usher in a brand new period for the e-mobility sector within the state. He knowledgeable the BMW workforce how the state has succeeded in making a pro-industry ecosystem and has emerged as the popular funding vacation spot in India for world manufacturers.

The Punjab delegation was given a guided tour of the BMW museum and BMW group plant in Munich. The Chief Minister invited the BMW delegation to attend the Progressive Punjab Investors’ Summit scheduled for February 23-24, 2023 to additional this relationship and discover alternatives for collaboration.

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