Angad Paul, son of NRI industrialist Lord Swraj Paul, has died after falling from his penthouse home in central London.
Lord Paul, founder of the UK-based Caparo Group of industries, had been taken ill and hospitalised recently, where he passed away surrounded by members of his family.
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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.
High performance supercar will be assembled in Caparo's upcoming Chennai plant, small car in two years.
The $1.5 billion UK-based Caparo group, specialising in the manufacture and supply of engineering and steel products, is planning to set up an aerospace component park in Tamil Nadu. The park will involve an investment of about Rs 300 crore (Rs 3 billion) and offer a range of component solutions to the aerospace industry.
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Paul, Chairman of the Caparo Group of industries, said he was delighted to announce that the police "has informed me that after due consideration, it will no longer be proceeding with any investigation or inquiry in relation to my House of Lords expenses."
Paul is among the wealthy who hold legal accounts in Swiss HSBC Bank.
Madhya Pradesh Chief Minister Babulal Gaur is leading a five member delegation to Chicago, New York via London from 25th September 2005 to attract foreign investment in Madhya Pradesh.
Leading UK-based NRI industrialist Lord Swaraj Paul has said that he proposed to make investments in Madhya Pradesh.
The Hinduja brothers, who run the multinational Hinduja Group conglomerate with interests across automotive, real estate and oil, moved up from third position last year to top the UK's billionaire charts this year.
Hinduja brothers have been ranked as Britain's richest Asians in 2014 with a total worth of 13.5 billion pounds, an increase of one billion pounds over the previous year.
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.
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.
While India has to curtail its side, those who do business in India have to be more conscious that they should be less part of the problems and more part of the solution, the business magnate said.
Sources claim that 68-70 per cent of the workers at Halol are permanent ones, while the balance is tilted towards contractual workers at Talegaon.
