Thursday, January 18, 2007

CARS: PADDY’S ALTERNATIVE?

MAHARASHTRA’S NEW AUTO BELT WILL FURTHER FUEL INDIA’S INDUSTRIAL EVOLUTION...
Volkswagen’s prospective $540 million car plant in Maharashtra has the potential to create about 2,500 jobs – an opportunity which very few might care to lose. The new ‘Xanadu’ is expected to invite massive labour migrations predominantly from the North’s Tarai belt – a territory legendary for its fertile land. The Tarai region is a sustainability source for millions of Indians and is considered pivotal for the nation’s economic well being. But, as India evolves from an agrarian economy to a full fledged industrialised nation, the Tarai region will inevitably throw up its share of migrant labour to the new auto belt. Maharashtra’s new auto belt, which already homes some top tier automotive big wigs like Bajaj, Mahindra, Fiat, Tata, DaimlerChrysler & Skoda, is all set to receive a fresh lease of investment from conglomerates such as Volkswagen & GM.

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Source : IIPM Editorial, 2007

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

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