Germany’s luxury carmaker BMW has agreed to set up its auto part manufacturing unit in Punjab, said a state government release here on Tuesday. A decision to this effect was taken during the visit of Punjab Chief Minister Bhagwant Mann to BMW headquarters in Germany on Tuesday, it said.
Mann is currently on a visit to Germany to woo investors as his government promotes Punjab as the most preferred destination for doing business. During the visit, the CM showcased the state government’s exemplary work to promote the industry in the state after which BMW agreed to set up its auto component unit in the state, it said.
An official release quoting Mann said this will be the second unit of the company in India as one such unit was already operational in Chennai. He said this will give a major boost to the industrial growth of the state and open new employment avenues for the youth.
