with love to indore

Thursday, July 31, 2008

One more industry at Pithampur gets acquired

http://in.news.yahoo.com/241/20080731/1264/tbs-m-m-enters-two-wheelers-with-kinetic.html

http://www.thestatesman.net/page.news.php?clid=12&theme=&usrsess=1&id=216371

http://www.business-standard.com/india/storypage.php?autono=43608&tp=on


So one more industry from Pithampur goes. Though they have not said that they will close Pithampur plant but it is only matter of time before they close it down or reduce production significantly.

MP set to lose taxes, employment and all auxiliary benefits.
Our CM is busy signing MOUs with real estate and mining companies - which actually does not create any value.


SInce our state is land locked and with increasing focus on exports our advantage of being centrally located is getting withered with more and more industry choosing to go to coastal areas MP government needs to device a new strategy for industrial development.

First step could be to ask all FMCG firms to establish plant in MP to cater to local need and not to import it from other states.

But does anyone care??

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