Word: mille
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...more companies are coming around to Lheem's thinking. Near Hyundai's plant, Nokia opened the first phase of a $150 million mobile-phone factory in March. In the state of Orissa on India's east coast, South Korean steel giant Posco plans to construct a $12 billion mill. SemIndia, a company formed by chip-industry executives, will break ground in June on a $3 billion semiconductor factory in the southern state of Andhra Pradesh. Others are coming around, too. Dell Computer recently announced its intention to build a factory in India, joining those it already has in China...
...establishment the last business group you'd have turned to for radical thinking, or owning anything abroad. The group's founder, J.N. Tata, was a nationalist driven by the idea of a strong, self-reliant India. He gave the country its first steel plant, first hydroelectric plant, first textile mill, first shipping line, first cement factory, first science university, even its first world-class hotel. His successors among them J.R.D. Tata, India's first pilot created the first airline, first motor company, first bank and first chemical plant...
...anything for charity." And lest this all sounds too good to be true, the group is not free from controversy. In 2001, Tata Finance sacked its managing director and five other senior managers over alleged financial irregularities. In January, Tata Steel's plans to build a mill in the eastern state of Orissa went tragically awry when police fired on protesters who were accusing the state government acting as a broker in the development of making profits on the sale of their land. Twelve were killed. But to shed 40,000 employees at Jamshedpur, Tata Steel offered to pay their...
...leadership of the running rebellion is so prosperous, conservative and respectable that amused Habaneros are calling it "the best-dressed revolution in history." Of the chief rebel plotters outside the Sierra [Maestra, the rebels' mountain base], four are lawyers, three are physicians, two are financiers, one a mill owner. Deftly combining rebellion with business-as-usual, [an error occurred while processing this directive]each earns more than $20,000 a year. The rebels conspire behind brocade curtains in air-conditioned homes and offices. Wrote Time's Reporter Sam Halper after sitting in on one such meeting last week: "Silent servants...
Pittsburgh is its Exhibit A. Once hailed as America's Iron City, Pittsburgh has gone from a manufacturing stronghold to a service-dominated economy, a shift that is evident in its abundance of converted mills. The Homestead Grays Bridge, near the site of the famous 1892 steel-mill strike considered by many to be the birthplace of the labor movement, now overlooks a Filene's Basement and a Barnes & Noble, instead of the towering smokestacks that once defined the city skyline. The first Justice for Janitors initiative began there in 1985. The campaign sparked an 18-month standoff in which...