Writers' Building, then the state secretariat, was buzzing with journalists. The event marked the start of Buddhadeb Bhattacharjee's second term as chief minister. And in style, it got off with West Bengal bagging the small car plant, Nano.
Ratan Tata, then Tata Group chairman, had flown in along with the brass to make the announcement. The Nano found its home at Singur in the Hooghly district.
A second project by Telcon, a 60:40 joint venture (JV) of Tata Motors and Japan's Hitachi Construction Machinery, to manufacture earthmoving equipment was announced the same day. It was to come up at Kharagpur in Paschim Medinipur.
In the months to come, the small car project pitched to revolutionise mobility eclipsed its twin for more reasons than one. But 18 years on, it's the humble project that has turned out to be a sunny farm-to-industry story.
The Kharagpur plant of Tata Hitachi sits on a 250-acre land parcel in the West Bengal government's Vidyasagar Industrial Park.
هذه القصة مأخوذة من طبعة July 05, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 05, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Trade on road to recovery but Indian firms tread cautiously
The concluding part of the series highlights stabilising trade ties with Dhaka, but payment delays anda complex bilateral environment remain major concerns
DoT launches new system to block fraud international calls
The Department of Telecommunications (DoT), in collaboration with Telecom Service Providers (TSPs), has introduced an advanced system designed to identify and block incoming international spoofed calls before they can reach Indian telecom subscribers.
PM to launch infra projects, agri schemes in Maha today
Prime Minister Narendra Modi will on Saturday inaugurate infrastructure projects worth ₹32,180 crore in election-bound Maharashtra.
The shrinking presence of smaller parties in Haryana Assembly polls
Since 2014, Haryana's electoral politics has seen smaller parties cede their vote shares to the Bharatiya Janata Party (BJP) and the Congress, a trend that these political parties would hope to buck in this Assembly polls.
DMart stock slips despite strong showing in Q2
Mixed response from brokerages; company had 377 stores till Sep 30
Jio Fin-BlackRock JV gets Sebi approval for MF entry
Jio Financial Services' joint venture with BlackRock to enter the mutual fund (MF) space in India has received the nod from the Securities and Exchange Board of India (Sebi), the firm stated in an exchange filing on Friday.
HDFC BANK'S MSCI WEIGHT SET TO RISE
India's largest private sector lender HDFC Bank is poised to see its weighting increase further in global services provider MSCI indices due to its expanded foreign portfolio investor (FPI) investment headroom.
"The mother of all bear mkts in equities is dead"
Developments in West Asia have triggered a panic-like situation across global equity markets. SHANKAR SHARMA, founder of wealth management firm GQuant Investech, spoke with Puneet Wadhwa in New Delhi about escalating tensions between Israel and Iran. Edited excerpts:
Higher e-auction share crucial for Coal India stock
Coal India (CIL) has reported a production of 51 million tonnes (mt) for September, up 10.4 per cent month-on-month (M-o-M), but down 1 per cent year-on-year (Y-o-Y).
Sebi proposes measures to boost retail participation in G-Sec mkt
The Securities and Exchange Board of India (Sebi) is considering initiatives to promote retail participation in government securities (G-Secs) through stock brokers.