Maharashtra fights Gujarat for automotive vehicle investments


As per TimesofIndia Report - At a time once the Gujarat government has managed to corner the bulk of the new investments within the automotive vehicle sector — together with a number of the large names like Tata Motors, Ford and Maruti Suzuki in cars and Honda motorbike and Scooters India (HMSI) and Hero MotoCorp in two-wheelers — the geographical region government has shot back, attracting recent investments to the tune of Rs eleven, 500 large integer in a very single day.

Four corporations — Mahindra & Mahindra, Tata Motors, Bajaj automotive vehicle and Volkswagen — declared the investments at a high-profile event attended by the brass of the geographical region government like C M Prithviraj Chavan, deputy CM Ajit Pawar and business minister Narayan Rane.

Maharashtra's Pune belt is one in all the largest automobile clusters within the country, however has been losing recent investments to newer states — together with Gujarat — attributable to lack of adequate infrastructure that has didn't keep step with the expansion in industrial enterprise.

However, the regime set to allay the impressions of a flight in investments by parading its existing investors, who secure to pump in additional cash.
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