02 September 2011

Indian Company Building Two Plants in Macedonia

Indian Samvardhana Motherson Group (SMG) will lay Wednesday a cornerstone for construction of two plants at the Technological and Industrial Development Zone Skopje 1.

Earlier, a memorandum of understanding and agreements for lease of land and for allocating state aid with regard to the two investments are set to be signed with the company.

The memo of understanding will be signed by SMG chairman Vivek Chaand Sehgal and Viktor Mizo - director of the Macedonian Agency for Foreign Investments and Export Promotion.
PM Nikola Gruevski, who is expected to meet with representatives of the Indian company, will also attend the signing of the contracts and the cornerstone laying ceremony.

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