India Business Forum

Search Button

The Indian Express

The Financial Express

Latest News

Market Indicators

Screen

Boulevard India

Celebrity Chat

Express Computers

Express Power

Letters

Advertisers Forum


Headstart

Business Forum

Lifemate

Zevraat

Express Properties

Palki - Travel

Information Technology

Astrosurf

Eco-India

Dr Know

Morning Digest

Express Greetings

Graffiti


FINANCIAL EXPRESS FRONT PAGE

Corporate

Economy

Expressions

Markets

Leisure

 

Thursday, November 26, 1998

Bakht asks Maruti Udyog to unveil new models by 2000 

PRESS TRUST OF INDIA  
New Delhi, Nov 25: Industry minister Sikander Bakht has asked Maruti Udyog Ltd (MUL) to introduce new car models before the turn of the century and blamed the feud between the government and Suzuki Motor Corporation (SMC), equal partners in the joint venture, for the delay.

"I have asked SMC chairman Osamu Suzuki to introduce new models by the end of 1999 or early 2000," he said.

Fresh from his visit to the facilities of Toyota Motor Corporation and SMC in Japan, Bakht said these auto majors had envinced interest to make fresh investments and start new ventures in India.

"Not only Suzuki and Toyota, but many others have shown interest to spread their wings in India," Bakht said and emphasised that there was no impact of sanctions on the economic relations between the two countries.

Bakht, the first Indian minister to visit Japan after the May 11 nuclear tests, said although the Japanese were emotional about nuclear weapons, they did not even once mention the tests during his week long visit.

"Myvisit has removed whatever constraints that existed between the two countries. Now investments from Japan will not rain, they will pour," he said.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.

Related Stories

PAN stipulation forces Maruti to slam brakes on production


Top


The Ambassador Group of Hotels

Global Tenders invited by MSTC

The National Stock Exchange of India (NSE)

 

Click here for a printer-friendly page Printer-friendly page

One of India's Leading Banks


The Indian Express  |  The Financial Express  |  Latest News
Screen  |  Express Investment Week  |  Market Indicators  |  Express Computers
Astrosurf  |  Eco-India  |  Travel & Tourism  |  Information Technology  |  Drumbeat: Ad Buzzaar
Advertisers Forum  |  Career India  |  Business Forum  |  Match Maker  |  Express Properties