Chinese electric vehicle manufacturers to invest $100 mn in Gujarat

A group of around 15 companies from China involved in manufacturing of electric vehicle are reportedly planning to investment about $ 100 million to set up an industrial park near Sanand, Gujarat.
 
A delegation comprising seven electric vehicle manufacturing companies visited Sanand on August 28, 2014. The delegation members are manufacturers of electrical cars, two-wheelers, three- wheelers and four-wheelers for road cleaning, city sanitary car, ambulance car, police cars etc.
 
Jagat Shah, Chief Executive Officer of Global Network, an Ahmedabad based international trade consulting firm, informed that the companies in the delegation are Green Field Motor Co Ltd, VOCH Group Ltd, YueHua Control Group Ltd, Zhuji Yongcheng Auto Co Ltd, Wenzhou Jinpi Machinery Manufacturing Co Ltd and JBON Control Industry.
 
He added, “Earlier in June, a delegation of around four companies had visited Gujarat and had also held a meeting with state government representatives. Another delegation is expected to visit around September 20. In all, around 15 companies are expected to invest close to $100 million over the next two years to set up an industrial park near Sanand.”
 
FOR COMPLETE REPORT READ: Chinese e-vehicle makers plan industrial park near Sanand