Prime Minister Narendra Modi on Monday met Suzuki Motor Corporation Advisor Osamu Suzuki to discuss opportunities in investment, innovation, manufacturing of electric vehicles, and recycling centres in India.
"In a meeting with Advisor Osamu Suzuki, PM Modi appreciated Suzuki's transformational role in India's automotive industry," MEA spokesperson Arindam Bagchi tweeted.
Prime Minister Modi is in Japan on a two-day visit to attend a summit of the Quad leaders at the invitation of his Japanese counterpart Fumio Kishida.
In March this year, Suzuki Motor Corporation announced that it would invest around 150 billion yen (about Rs 10,445 crore) by 2026, for local manufacturing of Battery Electric Vehicles (BEV) and batteries in Gujarat.
The company's wholly-owned arm Suzuki Motor Gujarat Pvt Ltd (SMG) would invest Rs 7,300 crore for the construction of a plant for BEV batteries on land neighbouring SMG's existing plant by 2026. Also, SMG will invest another Rs 3,100 crore for increasing production capacity for BEV manufacturing by 2025.
Another group firm Maruti Suzuki Toyotsu India Pvt Ltd (MSTI) will invest Rs 45 crore in the construction of a vehicle recycling plant by 2025.
Last year in November, MSTI -- the joint venture between the Maruti Suzuki and Toyota Tsusho Group -- commenced operations of the vehicle dismantling and recycling unit at Noida in Uttar Pradesh.
The facility, spread over 10,993 square metres, has a capacity to scrap and recycle over 24,000 ELVs (end of life vehicles) annually.
In November 2019, the two partners announced a joint venture for setting up the vehicle scrapping and recycling unit.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
PM Modi Meets Caribbean Leaders At India-CARICOM Summit To Strengthen Ties Will Fight In Politics Till My Last Breath: Ex-PM Deve Gowda "Kya Hua Tera Vada?" PM Modi's Himachal Swipe At Congress In Haryana "Thousand Times Better...": Delhi Lt Governor's Surprise For AAP's Atishi "World War 3 Has Begun": Ukraine Ex-Military Commander Amid Russia Conflict UK To Arrest Netanyahu If He Visits, "Will Comply" With World Court Order Bastar Will Be Maoist-Free Very Soon, Says Chhattisgarh Minister Arun Sao Petrol Pump Owner, Son Shot At Over Bill In UP's Kaushambi: Police Indian Researchers Find Method To Decode Monkeypox Virus, Aid Diagnostics Track Latest News Live on NDTV.com and get news updates from India and around the world.