Rediffmail Money rediffGURUS BusinessEmail

Chinese firm mulling $10mn plant in India

October 14, 2006 16:32 IST
China Chongqing Yuan Innovation Technology Group, a Chinese firm, is exploring the possibility of setting up a $10 million plant in India to manufacture motorcycles and spare parts.

"We are looking at the environment of making motorcycles and parts in India. If we decide to set up a unit in India, investment potential is to the tune of $10 million," Zhang, deputy GM of the company, said.

The company is currently studying the Indian market and the investment climate, he added.

Zhang is part of a delegation from the Chongqing Foreign Trade and Economic Relations Commission currently in India to understand the Indian market and identify areas of co-operation and collaboration between Indian and Chongqing firms.

MORE FROM REDIFF

WEB STORIES

Galaxy S26 FE Has More Than Good Looks

Check Out The Redmi Note 17 Pro Max

Rawa Toast: 10-Min Recipe

VIDEOS

NEWS BUSINESS MOVIES CRICKET SPORTS GET AHEAD REDIFF-TV REDIFF ASTRO MOBILE RECHARGE BILL PAYMENTS