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Private Sector | Punjab - India | PID: 192000
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Value: 400 Crore | Germany-based Freudenberg Group’s Chief Executive Officer (CEO) Ulrich Kerber discussed with Punjab Chief Minister Amarinder Singh the modalities for making an investment to the tune of EUR 50 million (around Rs 400 crore) in the automotive sector in the state.
The company is identifying for a suitable site for setting up the new project. The proposed project will further boost investment sentiment in the state.
Vibracoustic India, an arm of Freudenberg Group, is a supplier of noise, vibration and harshness solutions for the automotive industry, with presence in 19 countries, and has a market share of 18 percent.
| Updated on: 19 - Feb - 2020
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