Ludhiana, Sept 19 (KNN) Fischer Automotive of Poland has signed a Letter of Intent with New Swan Group of Companies to setup a world class automotive manufacturing unit in Ludhiana, Punjab. 

The letter was signed at the Automechanika Frankfurt 2022 in Germany.

Chief Minister of Punjab Bhagwant Singh Maan was also present at the leading trade fair for the automotive service industry.

It is a one stop show for Leading Automotive Industry from the world to showcase their ability and expertise in the sector.

S. Upkar Singh Ahuja, Managing Director, New Swan Group hailed the efforts made by the Department of Invest Punjab and GoP to facilitate a huge Investment opportunity for the region.

He thanked Franz Dziwok for considering New Swan Group of Companies as their expansion partners in the Asian subcontinent.

Ahuja further said that time has come for Punjab to lead the Industrial revolution and make Punjab the first State to be self-reliant.  (KNN Bureau)