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Growth Comes Rapidly To Maharashtra’s Erstwhile Backward Regions
Interesting things have been happening in Marathwada, one of the erstwhile backward regions of Maharashtra. Industry took hesitant steps into the region’s capital city five decades ago to take advantage of the state government’s concessions for setting up manufacturing units in the backward area, led by Bajaj Auto which set up a full-fledged scooter manufacturing plant. The first problem it faced was getting executives to work in the plant – they needed homes, which it was simple enough to build. But they also had to have good schools in which their children could study. The Marathwada Industries Association – which morphed into the Chamber of Marathwada Industries & Agriculture – was established, and began to take steps to solve these problems. There were a couple of missionary schools, but the newcomers wanted their children to imbibe not just learning but the culture of the country to which they belong. The head honchos of Bajaj, electronics major Videocon, non-stick cookware pioneer Nirlep and paper manufacturer Nath group joined hands to set up what has evolved into a world-class residential school: the Nath Valley School. This was followed by a number of colleges: there are now 22 for engineering alone in Aurangabad and other parts of Marathwada. Along the way came the Marathwada Auto Cluster to cater to the training needs of the host of automotive and automotive companies and their ancillaries that came up in the area. More than 1,000 customers have used the organisation’s facilities to train their workers and students.
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Hamara Bajaj Seeks Care For MSMEs Amid Covid Re-Lockdown
While talking to the media, the 54-year-old Rajiv Bajaj, managing director of Bajaj Auto, never minces words nor ducks issues. He, like his father Rahul Bajaj, calls a spade a spade. He has been consistently opposing lockdown from Day One. So when Maharashtra Chief Minister Uddhav Thackeray imposed second lockdown on April 14, Bajaj was his usual self, critical.   “Why everybody keeps looking at BSE and NSE but not MSMEs,” he asks, explaining that a company like Bajaj Auto can take care of its people but the small businesses will be hit even more harder this time he told news channel India Today. Bajaj Auto is a cash-rich company with over Rs 20,000 crore in reserves. Even if the company makes nothing, sells nothing then the standstill cost – salaries & wages — for the company works out to Rs 750 crore per annum. With Rs 20,000 crore reserves and non-operating income, he can take care of his company’s employees even if the company, hypothetically, is shut for the next 30 years. How many CEOs in the country can make that kind of bold statement? Well, it takes a Hamara Bajaj to talk for Hum Sab.

TRENDS & VIEWS

Editor’s Note: Short Post Noticed By People Who Matter

Four years have zipped by and we are crossing another milestone on 31st January 2025 – it’s our 4th Anniversary. It feels good.
Looking back at the 1460 days, I must say Short Post has made its mark with people who matter via 4000 stories published in the areas of politics, business, entertainment and sports. All made possible by the unflinching commitment and dedication of our senior editors, most of whom have been part of this journey from Day One.
Small pack, big impact is in essence the story of Short Post which was launched at the height of the Covid-19 pandemic in 2021. It shows our conviction. In all humility, I can say, we have created a new niche in the news segment space like Hindustan Unilever which created a new segment, when it launched CloseUp Gel.
Yes, we have created a brand (in a limited sense), created demand (readers) and created supply (senior journalists). But we are facing teething problems like all start-ups. What makes us happy and confident is the recognition of our efforts. For instance, we have an arrangement with the OPEN Magazine, part of the $4.5 billion Kolkata-based Sanjiv Goenka-RPG Group. This arrangement sees around 10 Short Post stories posted on OPEN Magazine website every week. This arrangement is testimony that our content has been well received! Also, I may add that the Maharashtra government has recognised Short Post and has allowed our senior editor to cover the Assembly sessions. Ditto: Odisha.
Our goal is to ensure that Short Post becomes a habit. I would like people to keep checking their smartphones to know the latest Authentic Gossip. As regards AI and the fear of it disrupting all businesses including media. On that, personally, I have no such fear as I am confident AI cannot smell news particularly Authentic Gossip. That’s the place we are well entrenched.