Rohtak, Aug 21 - Passenger car manufacturer Maruti Suzuki Friday said it has been allotted 700 acres by the Haryana government for its proposed research and development (R&D) facility here.
Maruti will invest Rs.1,000 crore in two phases over six years, it added.
While the development of the allotted land and construction of the test tracks will be completed during the first phase by 2012, the R&D facilities will be progressively completed by 2015.
The land allotment agreement was signed by Maruti Suzuki managing director and chief executive Shinzo Nakanishi and Haryana State Industrial and Infrastructure Development Corp managing director Rajeev Arora.
The upcoming facility, the sole such centre being set up by Suzuki Motor Corp outside Japan, will introduce 'world-class R&D facilities in India', the company said.
Maruti's vendors will bring in further investment, it added.
'Six years ago, Osamu Suzuki, chairman, Suzuki Motor, Japan, had promised the people of India that he will make Maruti Suzuki the R&D hub for Asia, outside Japan.