Mercedes to upgrade Chakan Factory

Mercedes Benz has decided to invest Rs.2,000 crore in upgrading its factory at Chakan in Pune, which the Maharashtra government says is an endorsement of its commitment to the ease of doing business in the state.Earlier the government was successful in luring Foxconn to set up manufacturing
The company is planning to invest Rs.2,000 crore over five years in the unit.
Chief Minister Devendra Fadnavis who met Roland Folger, managing director and CEO of Mercedes India on Monday said that the state will ensure speedy clearance for the company's new unit.
State government officials said that the additional investment came after the company was impressed with the work done by the state in granting clearances. 

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