Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
March 29, Wednesday 2017 12:39 PM       

       HEADLINES: Goons attack cinema producer in Kochi                                              Thrissur Pooram: Legal permission will be given to fireworks, says Centre                                              First complaint lodged in phone trap case                                              Parl passes bill that decriminalises suicide attempt by mentally ill people                                              No legal slaughterhouse is being targetted in UP: Naidu                                              Kundan Chandravat who announced bounty for Pinarayi's head held                                              Sena MP books AI ticket, airline cancels it                                              China's military facilities on man-made SCS islands nearly ready                                              Snapping of Indo-Pak talks only encourages terrorists: Pak                                              Pakistan court asks Punjab govt to explain detention of Hafiz Saeed                                              India beat Australia to win series 2-1                                              India retains ICC Test Championship mace                                              Ashwin receives Sir Garfield Sobers Trophy                                              Bhupathi picks four singles players; Paes, Bopanna reserves                                              Aussie cricketers are no longer friends, says Virat Kohli                                              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
SBI spent Rs 775 cr in maintaining Jan Dhan accounts: Govt  
GST Bills in present form not acceptable: Cong  
Govt wants to pass GST bills through consensus: Jaitley  
GST bills introduced in Lok Sabha  
COAI favours auction in 2018, wants market to settle down  
Sensex trips 97 points, Nifty below 9,100  
Aditya Puri features in Barron’s 30 best CEOs  
India is 3rd largest aviation mkt in domestic traffic  
China win for Apple as court overturns iPhone ruling  
CBEC to be renamed CBIC under GST regime  
Sebi bans RIL from equity derivatives market for 1 year  
Sensex up for 2nd day, Nifty reclaims 9100 as bank stocks gain  
Govt may table 4 GST bills in Parliament today: Minister  
Airfares in India among 'lowest' globally: Sinha  
Sensex tanks 318 pts, Nifty slumps below 9100 on global clues  
Notes ban to spur economic activity: Govt  
Govt nod for 18 new airports costing Rs 30,000 cr  
Govt nod for 18 new airports costing Rs 30,000 cr  
Adani Enterprises acquires Adani Infra  
Vodafone, Idea Cellular to create new Indian market leader  
Softbank appoints Kabir Mishra to Snapdeal board  
Idea to sell 2G, 3G, 4G mobile data at same price from Mar-end  
Airbus to set up its first Asia training facility in Delhi  
BSNL offers 2GB data per day, unlimited calling for Rs 339  
Sensex soars 188 pts, Nifty at fresh closing peak on Fed move  
 
Do you think TV expose on minister's private talk was justifiable?
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