Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
January 20, Friday 2017 11:11 AM       

       HEADLINES: Permission given to carry body of Santhosh in procession                                              Kodiyeri denies party‚Äôs role in murder                                              Divorce granted by church court can't override law: SC                                              NIA says LeT behind Uri, Handwara attacks                                              LCA Tejas to take maiden R-Day flight                                              'Jallikattu' stir spreads to Lanka, UK and Australia                                              Pak parl committee seeks fund to enhance security of FO                                              Saina, Jayaram reach quarterfinals in Malaysia Masters                                              Probably one of my best innings, says Yuvraj Singh                                              Kaumudi Facebook
       BUSINESS Next Article: Yahoo Chief Mayer to leave company board after Verizon sale  
       Nano project led to Gujarat as car mfg hub: Ratan Tata
 
         Posted on :19:10:22 Jan 10, 2017
   
A A
       Last edited on:19:10:22 Jan 10, 2017
         Tags: Nano project led, Gujarat, Ratan Tata
 
GANDHINAGAR: With his now ousted successor Cyrus Mistry questioning investments in the Nano project, Tata Group patriarch Ratan Tata today said setting up of the small car factory in Gujarat led to the state becoming a hub of car manufacturing in India. Calling himself 'Gujarati' while addressing the 8th Vibrant Gujarat Global Summit, Tata also said that people abroad talk of the state and India in the same breath.
 
"Some years ago when I attended Vibrant Gujarat Summit, I said that if you are not in Gujarat, you are stupid. And some years later with great satisfaction I can say that you are indeed stupid if you are not the Gujarat which is one of the fastest growing state," he said. He said Gujarat has got its glory because of the vision and execution zeal of Prime Minister Narendra Modi who led the state from 2001 to 2014. "Some years back I got the fortune and good luck of moving our car factory to Gujarat and soon again with leadership of Narendra Modi, Gujarat has become one of hubs of car manufacturing in India," he said.
 
Tata Motors had relocated its plant to produce the Nano small car from Singur in West Bengal to Sanand in Gujarat in 2008. The plant began rolling out Nano in 2010, and in December 2015 also started manufacturing non-Nano cars.
 
However, Tata's successor Mistry, who was abruptly removed as Chairman of Tata Sons on October 24 last year, and had to subsequently resign as director of operating companies including Tata Motors, dubbed Nano as one of the "legacy hotspots" that "has consistently lost value, peaking at Rs 1,000 crore".
 
Soon after being removed, Mistry stated that Tata Motors should have shutdown the car due to "no line of sight to profitability for the Nano, any turnaround strategy" but "emotional reasons alone have kept us away from this crucial decision".
 
Addressing the Summit, Tata said Modi's vision has been carried out by his successor chief ministers who have made Gujarat the leading state. "Today as we approach a new era that Mr Modi is leading, Gujarat will be one of the leading states in the country which ushers in the new India to the world.
 
"The digital India, the India for defence and aerospace, mining, intellectual leadership and I am extremely proud to be here today," he said. "Thank you Mr prime minister for your leadership." 
A A
       BUSINESS
Next Article: Yahoo Chief Mayer to leave company board after Verizon sale
 
 
BUSINESS HEADLINES
Right time to invest in India: Gadkari  
Autonomy impinged, protest RBI staff  
Will continue my association with TCS: Chandra to employees  
RBI may cut repo rate by 25 basis points in Feb: HSBC report  
SpiceJet strikes Rs 1.5 L cr deal with Boeing for 205 planes  
Retail inflation hits 3-year low of 3.41%  
TCS names Rajesh Gopinathan as MD and CEO  
Factory output grows 5.7 pc in Nov, shrugs off slowdown fears  
TCS Q3 net profit up 11% to Rs 6,778 cr  
Demonetisation, GST to make society tax compliant: Jaitley  
Patel urges govt to rein in borrowings, inflation  
GoAir firms up order for 72 A320 neo planes worth Rs 52,000 cr  
Nano project led to Gujarat as car mfg hub: Ratan Tata  
Yahoo Chief Mayer to leave company board after Verizon sale  
Auto sales at 16-yr low in Dec as demonetisation takes toll  
FM cites higher tax mop up to dismiss economic slowdown fears  
Demonetisation just a bump; India to maintain 7% growth: Cisco  
Volkswagen defies 'dieselgate' to boost sales in 2016  
'Despite demonetisation, India to grow faster than China'  
Apple cuts Tim Cook's pay as iPhone sales fall first time  
Govt clears 26% stake sale in BEML  
NRIs can deposit old banknotes till June 30  
Sensex ends 119 down after hitting 27k, IT stocks melt  
Reserve Bank unlikely to cut key rate in February: Report  
Gold maintains uptrend, hits 1-month high  
 
Azharuddin's nomination for HCA president's post was rejected. Do you agree to this?
Yes
 
No
 
Don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy