Investment for Rs 1 lakh car is Rs 3,700cr

The total investment - by Tata Motors and its vendors - in the Rs 1 lakh car project is Rs 3,700 crore. The West Bengal government today disclosed that the investment in the vendor park would be around Rs 2,200 crore.

Around 55 vendors have been roped in for the project, of which 54 would be making an entry into Bengal with the small car project.

State commerce and industry minister Nirupam Sen said, the land for the twin project of Telcon's earth moving equipment facility in Bengal had also been acquired. Telcon is promoted by Tata Motors.

The lease agreement for land was signed today between the company and the state government. The total investment including vendor park would be around Rs 1,100 crore.

Moreover, Hitachi, a 40% partner in Telcon, would be setting up a state-of-the-art R&D facility near the project site, which would be a global hub for Hitachi. The centre would Hitachi's first outside Japan.