Exclusive: Nissan sues India over outstanding dues; seeks over $770 million

Reuters India Friday, 1 December 2017 ()
Exclusive: Nissan sues India over outstanding dues; seeks over $770 millionNEW DELHI (Reuters) - Japanese automaker Nissan Motor has begun international arbitration against India to seek more than $770 million in a dispute over unpaid state incentives, according to a person familiar with the matter and documents reviewed by Reuters.
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News video: Nissan sues India over outstanding dues, seeks over $770 million

Nissan sues India over outstanding dues, seeks over $770 million 00:58

 New Delhi, Dec 01 (ANI): Japanese automaker Nissan Motor has begun international arbitration against India and has sought over $770 million in connection to a dispute over state incentives. Last year, Nissan sought payment of incentives due from the Tamil Nadu Government as part of a 2008 agreement...