Rs 4,000-cr project: France's Peugeot Citroen surrenders 200 acres land in Sanand
“A few months back, the company had issued a letter to the state government, surrendering a portion of the land that measures about 200 acres. This parcel of land was kept reserved for any future expansion for Peugeot,” said a senior state government official.
“This 200 acres of land has now been sold to private firms wanting to set up operations in Sanand,” added the official.
The second largest European car manufacturer had proposed to roll out its first car from the Sanand plant ? the high-end C-segment model 508 ? in 2014 with a total production capacity of 1.7 lakh vehicles in the first phase of the project. The company was given around 600 acres of land in Sanand GIDC for this purpose.
Peugeot’s initial plan also included setting up an engine/gearbox plant at Sanand to which the company proposed to add a suppliers’ park with an investment of Rs 4,000 crore.
The land offered to Peugeot lies next to the upcoming manufacturing plant of Ford Motors.
When contacted, Peugeot evaded the question of surrender of land and stated in an e-mail sent to The Indian Express earlier that it was rescheduling the
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