Vehicle manufacturer Mahindra has announced their leaping into space.An initial investment of Rs 250 crore is planned .
Mahindra Group Vice President and Managing Director Anand Mahindra told reporters here during a program ,” We manufacture equipment in the business of 150 crores and the aircraft are investing Rs 100 crore.” He said, ” huge opportunities exist in space and it is a growing area . The area has unlimited opportunities . ” He said, ” Mahindra is going to make it a new frontier .”
Mahindra is putting its weight behind their space investment for the next two to three years and expects to expand. Already Anand Mahindra has lined up agreements with foreign companies and investors.
