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Private Sector | Punjab - India | PID: 199255

Germany's luxury carmaker BMW has agreed to set up its auto part manufacturing unit in Punjab, said a state government release here on Tuesday. A decision to this effect was taken during the visit of Punjab Chief Minister Bhagwant Mann at BMW headquarters in Germany recently

Mann is currently on a visit to Germany to woo investors as his government promotes Punjab as the most preferred destination for doing business

During the visit, the CM showcased the state government's exemplary work to promote industry in the state after which BMW agreed to set up its auto component unit in the state

An official release quoting Mann said this will be the second unit of the company in India as one such unit was already operational in Chennai

He said this will give a major boost to industrial growth of the state and open new employment avenues for the youth

The CM also invited BMW to collaborate with the state in the e-mobility sector

He was apprised that e-mobility is a major sector of focus for the auto giant, which targets 50 per cent of its global sales to consist of fully electric vehicles by 2030

The chief minister said Punjab's EV Policy is expected to usher in a new era for the e-mobility sector in the state

| Updated on: 17 - Sep - 2022

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