A senior delegation from PSA Peugeot Citroen, France’s leading car producer, is expected to meet the Tamil Nadu government next week. The car manufacturer, which is planning to re-enter the Indian market, is looking at three states for setting up a greenfield facility, which would attract investment of $2 billion, including from the suppliers.
A senior official from the state government said Peugeot executives would be meeting the government officials next week for discussions, declining to divulge further details.
The company has visited potential sites including Sri City Special Economic Zone (SEZ), located at Tada, on the borderof Tamil Nadu and Andhra Pradesh.
The car manufacturer is looking for around 800-1,000 acres for setting up the manufacturing facility. The facility is likely to include a dye manufacturing facility for car components, an R&D team for design, body-building shop, new technologies for a centrally-controlled room for regular functioning besides a testing unit.