Tata Motors has more than doubled its investment plans for the small car project in Singur in West Bengal.
The company is set to invest Rs 1,500 crore (Rs 15 billion) for the mother plant on 645 acres for which a 90-year lease agreement was signed with the state government on Friday.
The vendors will be investing another Rs 500 crore (Rs 5 billion) in the project, Sabyasachi Sen, principal secretary, Commerce and Industries department, West Bengal government, said.
Tata Motors had earlier pegged the project cost at Rs 700 crore (Rs 7 billion), including the investment by the vendors, during the signing of memorandum of agreement with the state. The initial capacity of the plant was pegged at 2.5
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