New Delhi, Jun 28 (UNI) Saic Motor Corporation Limited, one of the biggest corporations in the world and the largest automobile giant in China, today announced its plan to enter the Indian automobile market through a fully-owned car manufacturing facility in the country. In a statement here, ranked 46th in the Fortune Global 500 list, with annual revenue of over 100 Billion dollar, Saic Motor said that it is pleased to be part of the expanding Indian automotive market, slated to be the third-biggest in the world by the year 2020. The operations, which are expected to commence in 2019, will create sizeable employment opportunities under the “Make in India” and “Skill India” initiatives and positively contribute to the economic development of the region. The company is in the process of finalising its manufacturing facility and is firming up its product strategy for the Indian market, details of which will be announced at a later stage. “The introduction of the iconic British Sports Car Brand ‘MG' in India is an important part of SAIC Motor’s global strategy. Our aim is to provide best-in-class vehicles, integrating sophisticated British design and quality, breakthrough product features and a pleasing ownership experience,” the company said in a statement. Saic Motor’s recent launch of a breakthrough ‘internet car’ in collaboration with Alibaba in the ‘connected car space’ is a new milestone in the global automotive industry which has seen unprecedented success. “This was possible by integrating the premium technological resources through the company’s leading world-class supplier base,” the company said. With the establishment of its fully-owned subsidiary, “MG Motor India”, the Company also announced some senior level appointments. Rajeev Chaba, a veteran with over two decades of experience in the automotive sector will be the President and Managing Director of MG Motor India. UNI ADP RSA SNU 1524