State Of The Economy 2015

Sputtering to a halt

The gloom in the automotive sector has put brakes on Chakan’s growth and silenced auto ancillaries in Aurangabad

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Published 8 years ago on Mar 30, 2015 9 minutes Read
Photographs by Soumik Kar

On Valentine’s Day this year, the quiet, conservative town of Chakan, about 40-odd kilometres away from neighbouring university hub Pune, was abuzz with activity, with a barrage of vehicles choking key junctions. No, not because local political outfits were protesting the Hallmark-isation of a festival meant to commemorate lovers but because prime minister Modi himself had descended on the town to inaugurate General Electric’s (GE) brand new manufacturing facility there.