Lenovo lining up Rs. 2,000 crore investment in UT.

Lenovo, the Chinese technology major, has expressed interest to set up a manufacturing unit in Puducherry with an investment amounting to Rs. 2,000 crore, Chief Minister V. Narayanasamy informed the Assembly recently.

Winding up a three-day debate on budget, he said a delegation from the company had held talks with him and evinced interest in establishing a manufacturing unit to roll out smartphones.

“We should welcome such companies and provide all facilities and concessions. States are competing with each other by providing concessions in their bid to invite investments. We cannot lag behind as we need industries to provide jobs for our educated youth and generate revenue,” he said.

THE HINDU