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How the city of Pune became the ‘Detroit of the East’

Economic Times LogoEconomic Times11h ago

How the city of Pune became the ‘Detroit of the East’ - Economic Times

Quick Summary:

Pune is the next destination of the ET Make in India SME Regional Summit, which kicks off today (October 18).

Sonawane says that the post-independence era saw Pune turning from a mid-size city to a large metropolis.“Industrial development started in the outlying areas of the city such as Hadapsar, Bhosari and Pimpri in the 1950s.

Laghu Udyog Bharti’s Sonawane says the major challenge for MSMEs is the shortage of land, labour and finance.“Lack of industrial land at affordable price, the unavailability of staff due to a change in aspirations of the young generations and the lack of timely finance are coming in the way of MSMEs performing efficiently and getting reasonable profits.

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Article Details

Author / Journalist: Garima Bora

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 11:13:54 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1697 words

Reading Time: 10 minutes read

Sentences: 49 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23115350

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Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 7 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #84

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