EIB PLANS INVESTMENT IN INDIAN BRANCH OF VW
September 1st, 2009
BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) has announced it is lending Euro 100 million to Volkswagen India Private Ltd, a subsidiary of Germany's Volkswagen Group, to part-finance expansion of its new car manufacturing facility in the western India state of Maharashtra. The company is already building the Skoda Fabia at the Chakan plant, near the city of Pune, and plans to assemble specially adapted models of the VW Polo and VW up! at the site.
Although the EIB - a European Union (EU) institution - is primarily tasked with promoting economic ...
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