September 9, 2015
The newly established Chennai Plant was officially inaugurated by the Hon’ble Chief Minister of Tamilnadu Ms. J. Jayalalithaa during the Global Investors Meet 2015 at Chennai on 9th Sep 2015. The Global Investors Meet 2015 was a prestigious event organized by Government of Tamilnadu to attract Investments to the state and saw the participation of leading industrialists and foreign delegates.
The IYM factory inauguration was done in the presence of Mr. Hiroaki Fujita, Chairman, IYM, Mr. Riuji Kawashima, Dy. MD, IYM and other senior dignitaries of the Tamil Nadu government and IYM. The new factory will be the first in the Yamaha Motor group to have a vendor park in its vicinity. Spread across 177 acres, the new facility covers an area of 109 acres for IYM and 68 acres for vendor partners.
The IYM factory envisages an investment of Rs. 1,500 crores and an employment of 3900 people by 2018. The vendor park has 9 vendors who plan to invest Rs. 1,000 crores and will employ around 3,000 people by 2018. The facility will bring together the production operations of main external parts suppliers, thus enabling complete synchronization of external supplier parts production as well.
From Ishika Akela, India Yamaha Motor(IYM)