June 4: Even though the Salim Group`s proposed infrastructure projects in East Medinipur and South 24 Parganas have been put on hold by the state government after the panchayat poll debacles, its motorbike factory unit in Uluberia got a new lease of life. The third largest two-wheeler manufacturing company TVS has joined it as "the technological provider".
After meeting with chief minister Buddhadeb Bhattacharjee on Wednesday, managing director of TVS Motors V. Srinivasan said, "In order to strengthen the presence of TVS Motor company in the east, we have entered into a Memorandum of understanding (MoU) with Mahabharat Motors Manufacturing company in the presence of the chief minister."
Industry secretary Sabyasachi Sen said that the TVS will invest $100 million for the project.
In sync with the agreements, the Mahabharat Motors will assemble the agreed products as contract manufacturer. "The products to be manufactured will be agreed in due course. TVS Motor Company will in turn introduce its world-class quality control standards and assembly procedures.
The products will be branded as TVS Star and not "Arjun" as the chief minister had named earlier," said Prasun Mukherjee, co-owner of the Mahabharat and MD of Universal Success. Besides providing technical support to the factory, TVS Motor has also agreed to assist in construction, master planning, factory layout etc.
June 4: Even though the Salim Group`s proposed infrastructure projects in East Medinipur and South 24 Parganas have been put on hold by the state government after the panchayat poll debacles, its motorbike factory unit in Uluberia got a new lease of life. The third largest two-wheeler manufacturing company TVS has joined it as "the technological provider".
After meeting with chief minister Buddhadeb Bhattacharjee on Wednesday, managing director of TVS Motors V. Srinivasan said, "In order to strengthen the presence of TVS Motor company in the east, we have entered into a Memorandum of understanding (MoU) with Mahabharat Motors Manufacturing company in the presence of the chief minister."
Industry secretary Sabyasachi Sen said that the TVS will invest $100 million for the project.
In sync with the agreements, the Mahabharat Motors will assemble the agreed products as contract manufacturer. "The products to be manufactured will be agreed in due course. TVS Motor Company will in turn introduce its world-class quality control standards and assembly procedures.
The products will be branded as TVS Star and not "Arjun" as the chief minister had named earlier," said Prasun Mukherjee, co-owner of the Mahabharat and MD of Universal Success. Besides providing technical support to the factory, TVS Motor has also agreed to assist in construction, master planning, factory layout etc.