The Rupees One Lakh Car of Tata Motors- a new year gift to Kolkata.
This project will see the musrooming of auto ancilliaries in Kolkata. The eastern region was lagging far behind in this segment and was not getting the feel of the auto boom in the Indian Market. With the plant of TELCO, lots of auto ancilliaries will come up in and around Kolkata. Presently, 85% of these ancilliaries are situated in North and South India. Kolkata was having a very few units, which can be counted on fingers. Now the market of this region will get a massive boost and the overall economy will grow.
Being a trader of Steel Strips, I feel that the demand of Steel Strips, which is highly consumed for making auto componants, will show a rapid growth in future.