Volkswagon plans unit in Vizag

German automotive giant Volkswagon is all set to establish a Rs 5,000 crore unit to manufacture vehicles in Visakhapatnam in Andhra Pradesh
next year, state minister for major industries B Satyanarayana said today.

The Volkswagon team is expected to reach India shortly to finalise arrangements between the company and the government, the minister said. He, however, refused to divulge the name of the company that is likely to be the strategic Indian partner.