PSA Peugeot Citroen is currently looking for land in the Indian continent to set up a manufacturing facility. Yes, you heard right, the company has already looked at two sites in Chittor and Sitarampet both located in the state of Andhra Pradesh.
The total investment for the project is budgeted at about INR 10,000 crore. The first phase of operations will see an expenditure of 1500 crore, while the facilities will employ over 10,000 in number. PSA Peugeot Citroen have asked the government of Andhra Pradesh to offer more attractive incentives and have also insisted that the AP government their purchase vehicles. Only time will tell how long and how far this project will go.
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