Most happening Auto Hub of India : Honda’s proposed drive in Narendra Modi’s Gujarat Honda Motorcycle and Scooters India (HMSI) plans to park in Gujarat for their fourth plant in India. This is indeed big news both for assuring confidence in India story as well as reinforcing faith in Gujarat as Credible India within Incredible India. If you want to Grow Go Gujarat: Japanese companies are considered very conservative and take a long time in decision making. Since official details are yet to arrive there are distinct benefits for Honda in considering Gujarat which would be weighing on the mind of their management. What it means for Gujarat and India : Today GoI’s clueless calls on FDI do not make much headway. However news of global brands like Honda expanding in India will surely send much stronger signal than any ineffective statement from FM or PM. On local level, it means huge opportunity to both manufacturing and services industry. As Suzuki planning to come to Gujarat too, there is going to be huge fillip to auto parts industry in Gujarat. While HMSI and Suzuki’s existing suppliers will come along, there will be windfall opportunity for industry in Gujarat as companies try to reduce their cost by sourcing locally. Honda alone by conservative estimates will invest 200 Million USD and create 3000 jobs. But it is also rumored that it may bring more than 2 dozen suppliers along with them. The trickledown effect on economy is going to be immense. It’s a win-win for both the global brands. The Power of Dreams riding on Vibrancy of Gujarat augurs well for India and Honda. Gujarat would once again show the way, on how to invite legitimate capital even during recessionary time. Read full article @ DeshGujarat : bit.ly/1erQzkc
Posted on: Tue, 10 Sep 2013 05:37:18 +0000
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