Hyundai looks for new base to produce i20

How should i call this?? inaction or complacency..When governments across globe are running behind companies to make fresh investements and create new jobs. The voice of Hyundai has not reached Government of India. Hyundai has decided to have one more production base for its i20 cars outside India. Hyundai earlier said that India will be the sole production base for i20. But Hyundai has been making request to Government to support exporters. Voltaility of rupee is making life tougher for exporters. Also the electricity which has become a big problem in Tamilnadu is hurting industries, Hyundai is no exception. The combination of various factors – voltaility of the rupee, poor power availability, inadequate export incentive and labour problem might have forced to Hyundai to look for new base. Will the Goverment of India wake up??

Published by teamvicky

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