Punjab Chief Minister Bhagwant Mann's efforts to entice large investments from Germany paid off on Tuesday, as automaker BMW decided to establish an auto part manufacturing plant in the state.
During the Chief Minister's visit to the BMW headquarters here, this decision was made.
During the visit, Mann highlighted the Punjab government's efforts to develop industry in the province, and BMW decided to establish an auto component factory in the state.
Mann, who is overjoyed, stated that this will be the company's second unit in India, with one currently functioning in Chennai.
He claims that this will significantly increase the state's economic growth and offer up new avenues for young employment.
The Chief Minister also asked BMW to work with the state on e-mobility.
He was informed that e-mobility is a significant priority area for the automaker, which aims to have 50% of its worldwide sales comprised of completely electric vehicles by 2030 under the direction of BMW AG Chairman of the Board of Management, Oliver Zipse.