Industry
The emergence of industrial Pune began in the early 1960s, with mechanical engineering industries arriving. Pune's proximity to Mumbai, good climate and availability of talent made it a destination for large firms like Tata Motors (TELCO then), Buckau Wolf (Thyssen Krupp now), KSB Pumps, Hindustan Antibiotics and several others.
Today, Pune has a diverse industrial population. It is one of India's most important automotive hubs, with some domestic and international auto giants manufacturing here, including Daimler Benz and Volkswagen. Pune also has hundreds of large and small IT companies.
Pune is the largest hub in India for German companies. According to the Indo-German Chamber of Commerce, Pune has been the single largest hub for German companies for the last 60 years. Over 225 German companies have set up their businesses here.
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Famous quotes containing the word industry:
“The reason American cars don’t sell anymore is that they have forgotten how to design the American Dream. What does it matter if you buy a car today or six months from now, because cars are not beautiful. That’s why the American auto industry is in trouble: no design, no desire.”
—Karl Lagerfeld (b. 1938)
“That some should be rich, shows that others may become rich, and hence is just encouragement to industry and enterprise.”
—Abraham Lincoln (1809–1865)
“Bankers, nepotists, contracts and talkies: on four fingers one may count the leeches which have sucked a young and vigorous industry into paresis.”
—Dalton Trumbo (1905–1976)