Intel Outside (India)
The whole world knows that Dayanidhi Maran went on record saying that Intel would set up shop in India. Intel was quick to refute that claim. What was more interesting was how Maran went ahead and ‘conveyed’ Intel’s decision to the media. It is an internal issue as far as Intel is concerned and hence Maran is not entitled to announce the same on behalf of the chipmaker. The final verdict is out. Intel has decided against setting up a plant in India. Not sure whether the project would have materialized if the ministry / government had handled things in a better manner. CNET reports on the same:
Intel won't be building a test and packaging facility in India, as Indian government officials earlier claimed, due to a breakdown in negotiations over tax concessions, according to an article in the Business Standard, a local business paper.
Maybe Intel is leaving its stance in negotiations a little too vague these days, or maybe bureaucrat are getting a little too anxious. Earlier in the year, Indian officials said Intel would build a fab in the country, a remote possibility considering that Intel has only built these in developed economies like the U.S. or Ireland. Then, Indian officials said Intel promised to build a test facility.
(Goodbye Mr. Maran. Keep trying and keep on trying. Better Luck Next Time. This message is brought to you by SUN TV's Ungal Choice. Do catch us at 8.30pm on Thursday night.)
The Minister’s Website (Refer to Page 5 of Press Coverage) still links to articles such as these:
Maran convinces Intel to set up facility (Business Line – 9th June 2005)
Intel likely to set up $400 Mn manufacturing facility in India
The final score: Intel 1 – Maran 0. No extra time for Maran.
Related posts:
Intel Inside India? Plus an Inside Look at TN Politics
Chennai Airport goes Wi-Fi
posted by Kaps at
12:37 AM
8 Comments:
maybe its just a 'for now' thing? i mean if they want but find the sitn / terms not good wudnt they try again later?
By
Prerona, at 1:00 AM
Of all the persons, Havard educated Maran couldn't handle this properly.. hmmmm! Its just the rush of blood to score a point over who else.. Amma!
By
Chakra, at 4:10 AM
I guess we'll never know what really happened. One thing is clear - Maran botched up. Even if he was told (in whatever manner) that Intel would be setting up a plant in India he had no business going about announcing it. And if he announced it out of the thin air, we should look for a new IT minister.
By
Anshul, at 5:21 AM
Its the fight for taking credit which has lead to such fiasco ..
By
Cogito, at 9:52 AM
@Prerona,
i hope they reconsider their decision
@Chakra,
Maran has just done a course on Family Business in Harvard. He has not done any degree there. But the outside world is thinking that he has done a grad / post grad from Harvard. Pls go thru the Bio / profile given in his website
@Anshul,
precisely. he even went ahead and said that they are most likely to set up shop in Chennai. i guess he has been doing other good things and hence a change is not warranted.
@Cogito,
very true
@AyeKay,
it should have ideally been a joint press release or something by Intel alone. Intel wouldn't carry home happy memories from this episode.
By
Kaps, at 6:52 PM
too bad...but intel prob had bigger problems/reasons to back out of the deal than just an indian politician who spoke too much too soon...
By
capriciously_me, at 1:27 AM
Capri,
There could have been other business reasons why Intel backed out. But still I feel that Maran should have handled this better.
By
Kaps, at 10:40 AM
i saw someone said havard educated maran, it is not true, he has done just a prog in havard , which any tom dick or harry with money could do it. dont mislead people saying maran is a havard scholar.
rich family, influential daddy and grand paa can do anything for you
By
Anonymous, at 12:37 PM
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