So far, in this tryst with Nehru’s temples, we talked about those townships that were once his pride. Neha Saraiya in search for a different dish, walks into a private township and returns home disappointed...
Notably, the Modi empire had been built on two main pillars – sugar and textiles, with the other businesses playing just supporting roles. Interestingly, during the 1990s, when most units of Modi Industries were being shut down affecting around 20,000 labourers, some in the township managed to discover a new way of earning their daily bread - bindi-making. “When the Modis left Modinagar and moved out, bindi-making became the most common occupation for jobless workers. And today, our bindis are even exported to other states like Maharashtra, Gujarat and Rajasthan,” explains Ratan Pal, a local shop owner whose wife is also engaged in the same profession. But these families earn only around Rs.2000-3000 every month, a pitiable level of earning.
Some of the Modi brothers have today made their mark in modern business verticals like real estate, telecom, entertainment and even FMCG. B. K. Modi’s Spice Telecom, and U. K. Modi’s joint venture with US-based Revlon Inc. stand out in this regard. Some have even transformed old mills into educational institutes (as a matter of fact, K. N. Modi Engineering College was constructed where the Modi Thread Mills once stood). Still, the Modinagar township is striving hard to hold on to upward life. The situation has deteriorated so much that many concerned associations, social activists and small entrepreneurial groups have even made suggestions to the government to declare it as a developing industrial township and thus encourage investments. Some demand the development of a central railway platform, a bypass connecting it to Delhi and a 24-hour electricity supply. For now though, this township drags on...
Some recently established new industries like Modinagar Paper Mills Ltd and Modinagar Rolls Ltd again bring visions of a revival. But as hopeful as the vision might be, pragmatism and reality point otherwise.
Read more......
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
Prof. Rajita Chaudhuri's Website
domain-b.com : IIPM ranked ahead of IIMs
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine
IIPM Best B School India
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM's Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
IIPM B-School Detail
Notably, the Modi empire had been built on two main pillars – sugar and textiles, with the other businesses playing just supporting roles. Interestingly, during the 1990s, when most units of Modi Industries were being shut down affecting around 20,000 labourers, some in the township managed to discover a new way of earning their daily bread - bindi-making. “When the Modis left Modinagar and moved out, bindi-making became the most common occupation for jobless workers. And today, our bindis are even exported to other states like Maharashtra, Gujarat and Rajasthan,” explains Ratan Pal, a local shop owner whose wife is also engaged in the same profession. But these families earn only around Rs.2000-3000 every month, a pitiable level of earning.
Some of the Modi brothers have today made their mark in modern business verticals like real estate, telecom, entertainment and even FMCG. B. K. Modi’s Spice Telecom, and U. K. Modi’s joint venture with US-based Revlon Inc. stand out in this regard. Some have even transformed old mills into educational institutes (as a matter of fact, K. N. Modi Engineering College was constructed where the Modi Thread Mills once stood). Still, the Modinagar township is striving hard to hold on to upward life. The situation has deteriorated so much that many concerned associations, social activists and small entrepreneurial groups have even made suggestions to the government to declare it as a developing industrial township and thus encourage investments. Some demand the development of a central railway platform, a bypass connecting it to Delhi and a 24-hour electricity supply. For now though, this township drags on...
Some recently established new industries like Modinagar Paper Mills Ltd and Modinagar Rolls Ltd again bring visions of a revival. But as hopeful as the vision might be, pragmatism and reality point otherwise.
Read more......
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
Prof. Rajita Chaudhuri's Website
domain-b.com : IIPM ranked ahead of IIMs
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine
IIPM Best B School India
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM's Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
IIPM B-School Detail
