India: Mahindra and Mahindra mulls 40b rupee investment in Tamil Nadu [cardvd-player.net]

Automobile major Mahindra and Mahindra (M&M) promises to develop a vehicle plant at an outlay of Rs.4,000 crore in Tamil Nadu, a premier company official said.Anand Mahindra, vice chairman and managing director, as well as other officials, met Chief Minister J.Jayalalithaa about this Friday.Chatting with reporters here after the meeting, Mahindra said: “We are while on an exploratory visit. The meeting should be to discuss an exploration for just a new investment for an automotive plant.”He added the organization is look other states for investment too.As outlined by him the proposed investment might be the single largest investment from the automotive sector.M&M President (Automotive Business) Pawan Goenka said the ending up in the principle minister was the primary “and we are trying to find land plus the incentive package that the state can offer”.He explained it for your proposed plant will be around Rs.4,000 crore.

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