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.
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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