Government hopes the new project will materialize soon
Hyderabad, November 20, 2006
The government faced with severe criticism over the decision of German auto major Volkswagen to locate its project in Pune, the State Government is having hopes on a new car project. This project is to be set up an indigenous company MLR by investing Rs.1200 crores and land was sought by the promoter for the car project would be allotted shortly said the Chief Minister at a press conference on Monday.
He said that as far as Fabcity is concerned, the problems have been solved by the Union Finance Minister and preliminary work had begun. He condemned the TDP president's criticism on Volkswagen issue.
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