Honda Motor to sign MoU with Rajasthan govt on car project

Jaipur, May 2 (UNI) Honda Siel Cars India Ltd (HSCIL) will sign a Memorandum of Understanding (MoU) with the state government here tomorrow for setting up of a car manufacturing project in Rajasthan with an initial investment of about Rs 1,000 crore.

''A total of 450 acres of land will be utilised of which the car plant would cover 350 acres while 100 acres would be utilised for research and development (R&D) functions,'' government officials said here today.

HSCI proposes to manufacture around 50,000 cars per annum initially from this plant at Khuskhera in Rajasthan.

Chief Minister of Rajasthan Vasundhara Raje will be the chief guest while state Industries Minister Narpat Singh Rajvi will be the guest of honour on the occasion.

Rajasthan State Industrial Development and Investment Corporation Ltd (RIICO) has been instrumental in arranging land for the project of the company, state government officials added.

UNI