Nano has managed 2785 percent hike up Sanand

The small car by Tata Motors might not have existed up to the excitement but stores in Sanand endures to gain the bonus activated by the Nano. Ever since Tata Motors BSE 0.41 % certain to reposition its small car unit here back in the year 2008, bank payments here have rocketed previous INR 3000 Cr. mark - an upsurge of 2,785 per cent.

 

 

Previously around Seven years ago, two banks ensured nine branches with over-all payments of INR 104 Cr.  Tata Motors At present Sanand has 25 banks along with 56 branches that have payments from approximately two lakh people living in near villages like Bol, Khoraj, Kalana, Modasar, Changodar amongst rest.Bank accounts are overflowing mostly owing to farmers creating a killing by marketing their land.

 

Post to Tata Motors, Sanand saw vast invasion of industrial assignments of not just of auto-makers and auxiliary units but also of numerous multi-national companies.Ford Motors too has appointed its car unit here.Land was obtainable in Sanand for INR 700 to INR 800 per sq m earlier to the Nano project was declared. As businesses made rush to set up their plans, prices started to swell. The state government certain to set up an industrial estate extent over 2,000 hectares here and initiated attaining land.

 

The Gujarat Industrial Development Corporation (GIDC) funded INR 1,200 per sq m (Rs 48 lakh per acre). The government is still obtaining land in and about Sanand for upcoming plans. Presently, the amount is INR 55 lakh to Rs 60 lakh per acre. Well, Sanand definitely would like to thanks the Tata Motors, as ever since their foot marks here, things changed for the better for them, and actually shaped up like never before, and Sanand could never even think of such an enormous development prior to this.