Purwar was chairman of SBI between 2002 and 2006. During his career at India's largest bank, Purwar held several senior positions including managing director of the State Bank of Patiala and Chief Executive Officer for Tokyo.
Lord Swraj Paul's Caparo group has planned to set up a Rs 200 crore (Rs 2 billion) automobile parts manufacturing plant at Bhiwadi industrial area in Alwar district of Rajasthan.
Sunil Pahilajani, managing director and CEO, Caparo India, said that the plant, which will operate as a wholly-owned subsidiary of Caparo India, under its division Caparo Vehicle Products India, will commence production in the final quarter of 2008-09. Caparo signed the technical support agreement with Hyundai Motor on Monday evening. The facility to be set on 20 acres will employ 200 people to start off with.
London-based NRI industrialist Lord Swraj Paul's Caparo Group on Friday announced a tie-up with the prestigious Carnegie Mellon University of the US to establish a university near Delhi.
In his address at the event organised in London by the Institute of Directors India, he emphasised that for too long India has been burdened with an old, cosy, family-and- favourites, under-the-table style of doing and managing business.
In a society where corruption is endemic and you want to get something done then it is all too tempting to offer a bribe, Swraj Paul said.
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