Word: maharashtra
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Dates: during 1990-1999
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...sharpest blow to multinationals came in the state of Maharashtra, where right-wing politicians on Aug. 3 canceled the largest overseas investment ever made in India-a $2.8 billion electric-power plant that Enron Corp. of Houston was building near Bombay. Enron, which broke ground in March and stands to lose $300 million if it abandons the venture, is seeking talks aimed at permitting work to resume. "This is typically Indian," says Barton Biggs, chairman of Morgan Stanley Asset Management, which runs an Indian mutual fund. "For every three steps forward, they take two steps back...
LATUR: What the locals call "horror tourists" are pouring in to see the destruction caused by the recent earthquake in India's Maharashtra state that killed an estimated 28,000 people. Officials estimate that 1 million sightseers have invaded the devastated areas, disrupting relief work and creating horrific traffic snarls. Chief Minister Sharad Pawar said an injured woman bled to death because it took an ambulance three hours to cover 3 km, on roads clogged with people and vehicles, to the nearest mobile hospital. "We are sick of the tourists," said Vidyagar Karandikar, a senior government administrator...