Ahmedabad: Japanese auto giant Suzuki Motor Corporation (SMC) Friday said construction of its Rs 4,000- crore car manufacturing plant in Gujarat will start next week and the work will be completed by 2017.
The foundation stone laying ceremony of the facility in Hansalpur village, around 170km from here, will take place on January 28, the company said.
Chief Minister Anandi Patel, Finance Minister Saurabh Patel and Japan's Ambassador to India Takeshi Yagi are expected to attend the function.
Chairman and Chief Executive of SMC Osamu Suzuki, who was here for the Vibrant Gujarat Summit earlier this month, had told the media that the unit will be completed by 2017.
The plant will have an initial production capacity of 1,50,000 units per year.
In June 2012, Gujarat government had signed a State Support Agreement with Maruti Suzuki India Ltd (MSIL) and allocated 700 acres to the firm near Hansalpur for the unit.
The plant was originally proposed to be set up by Suzuki's Indian arm Maruti Suzuki India (MSI).
It was meant be MSI' first plant outside Haryana and third in the country after Gurgaon and Manesar. Now, it is being proposed to be set up by another wholly owned company of SMC -- Suzuki Motor Gujarat Pvt Ltd.
The transfer of the plant had run into a controversy last year after institutional inventors in MSI opposed the move saying it would hurt shareholders' interest. This forced the company to tweak the agreement and seek shareholders approval for the same.