Japanese auto giant Suzuki Motor Corp will set up an India specific research and development (R&D) centre spread over 700 acre, which could entail an investment of over Rs 1,000 crore.

The land for the R&D centre at Rohtak (Haryana) is to be handed over to the company by Haryana Chief Minister Bhupender Singh Hooda on August 21.

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"The two parties will sign the pact for handing over the land in the presence of the Haryana Chief Minister on August 21. The company will be investing over Rs 1,000 crore for the facility, including the costs of the land," a source said.

When contacted, a spokesperson of Maruti Suzuki India (MSIL), the Japanese auto giant's India venture, declined to comment on the investment figures.

MSIL had recently requested the Haryana government for 700 acres in IMT Rohtak for setting up the R&D facility, test course and accommodation of ancillaries.

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