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Old 22nd June 2016, 21:13   #16
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Default Re: Triumph India cancels plans for Karnataka factory

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Originally Posted by VW2010 View Post
IT investment currently probably gives them plenty in white and black money for them to worry about negotiating with development in mindset.

It will be interesting to see say Hyderabad/Telengana taking over some projects soon.

Tamilnadu - The state is almost the same. Corrupt politicians and land mafia that rule the roost. We continue to cry custom duties to several products simply because no one is ready to invest with our political system. I am pretty sure we can build cars at rates comparable or cheaper to say Thailand.

It wont be surprising if Ford quits Tamilnadu for various reasons.

It's already happening.

MNC queue to Hyderabad grows longer; JP Morgan & IBM look for office space

http://economictimes.indiatimes.com/...w/52863137.cms


IMHO after the SM Krishna govt., Karnataka has had a series of bad governments, full of time serving politicians who have only looted the state.

Last edited by John : 22nd June 2016 at 21:21.
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Old 23rd June 2016, 00:36   #17
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Default Re: Triumph India cancels plans for Karnataka factory

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Not been hearing good things about Karnataka in the automotive circles, with many manufacturers viewing it as 'unfriendly'. The state only has a handful of manufacturers, with the most prominent being Toyota & Volvo.

They had better pull their socks up to attract future investments.
Hi GTO apart from this, Tata Marcopolo Bus manufacturing plant is in Dharward (nearby Hubli) in Karnataka.
But yes I agree that Karnataka is lagging due to their poor response to any new activity planned in the state.
There are many issues like banning the sand mining etc. which has led to poor housing development in the state and things like these will only affect the economic development of the state.
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Old 23rd June 2016, 02:21   #18
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Default Re: Triumph India cancels plans for Karnataka factory

Karnataka seems to be only interested in the IT sector. Also, Karnataka doesn't have an easily accessible port (Roads to Mangalore are not the safest) , so exporting from KA is a problem.

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Not been hearing good things about Karnataka in the automotive circles, with many manufacturers viewing it as 'unfriendly'
Even people don't like the policies. Highest road tax, tax on out-of-state vehicles, highest fuel prices etc aren't to our liking.
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Old 23rd June 2016, 11:05   #19
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Default Re: Triumph India cancels plans for Karnataka factory

It seems as citizens we are doomed. There is no sense of accountability and shame. For a long time KA is the state with highest road tax and the poorest roads. I guess even Bihar and UP have better roads than BLR and KA.

The watchdog (media) is just interested in sensationalism. Ideally they are best equipped to instil fear in politicians that are corrupt and lack any accountability.

Media too is behaving like politicians. News on the web is full of clickbait and in print again is geared towards creating and fuelling controversies by creating issues out of nothing. God save us!
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Old 23rd June 2016, 14:29   #20
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Question Re: Triumph India cancels plans for Karnataka factory

As there are two sides of a coin, here is the news from the Kar govt. according to which the Triumph pulled shutters on its own. Though I'm sceptical that Triumph after having such a big plan (of 850 crores investment) it failed to invest 20 crores for land.

Maybe we need to read between lines. Does Triumph have market in India with their motorbikes costing 6lakhs plus? Maybe we need to see how their investments comes in Haryana

http://www.deccanherald.com/content/...firm-exit.html
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Old 23rd June 2016, 21:33   #21
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Default Re: Triumph India cancels plans for Karnataka factory

Meanwhile Honda invests 600crores in KA plant.

http://www.business-standard.com/art...2300044_1.html
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Old 27th June 2016, 00:33   #22
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Default Re: Triumph India cancels plans for Karnataka factory

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Originally Posted by GTO View Post
Not been hearing good things about Karnataka in the automotive circles, with many manufacturers viewing it as 'unfriendly'. The state only has a handful of manufacturers, with the most prominent being Toyota & Volvo.

They had better pull their socks up to attract future investments.
I think the present Govt. is all set to take the state back into the era of nationalization and License Raj. One after another; industries are fleeing the state. I wonder how they are planning to create jobs for the skilled youth? On top of it, if news paper reports are to be believed, the Govt is now mulling nationalization of private buses operating in the coastal area. The coastal districts of Karnataka, especially Udupi and Mangalore, have a well operated private bus network which has been instrumental in solving the transportation problems in the region. Although the fare in these private buses is steep, the service is good and timings are strictly followed. With nationalization, the Govt will be killing the whole system and bringing back those days where one had to wait hours for the KSTRC bus. Some one should tell them: nationalization and red tapes are not the solutions. They are just another excuse for corruption.
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