Word: maruti
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
India is also encouraging foreign companies to make direct investments in the country. Japan's Suzuki Motor Co. is expected to pay $70 million for a 25% share in Maruti Udyog, a nationalized automobile company. Chevron International Oil Co. has agreed to invest at least $27 million in three exploration wells on India's continental shelf, an area that was formerly off limits to foreign companies. India currently meets about 55% of its oil needs from domestic production, and it hopes to boost that figure...
From adolescence Sanjay had loved fast cars, and as a very young man he formed a company that developed an Indian minicar that he called the Maruti, after a Hindu wind god. The factory produced a few prototypes of the Maruti but never put it into full production. Sanjay's critics, who dismissed him as arrogant and ruthless, charged that he had received government licenses and financial backing through favoritism and chicanery. Later they blamed him for some of the worst excesses of Mrs. Gandhi's 1975-77 state of emergency, including the sterilization and slum-clearance campaigns...