In his response to ET, Muthiah squarely blames Farouk Irani, former managing director at First Leasing, a company Irani founded along with Muthiah.
Companies like BYD, Lite-On Mobile and notably Foxconn as vendors for the Nokia plant followed suit, snuffing out jobs in tens of thousands and making it a poll-time.
Nokia had last year approached the Delhi High Court seeking directions to de-freeze the attachment made by the Income Tax department in September 2013.
Indian exporters say there is scope to gain in the long-term if the Indian government initiates fresh dialogue with the British Government for a Free Trade Agreement.
Tamil Nadu's spinning mills, buying cotton primarily from other states like Gujarat and Maharashtra, are signing contracts with shippers for delivery in July.
At the core of Tamil Nadu's politics are Karunanidhi and Jayalalithaa who will continue with their hostile stances toward each other, said a political analyst.
Tamil Nadu faces this request to cut tax on mobile parts at a time it is protesting against the impending Goods and Services Tax.
CITU leader Anbalagan spoke to cab drivers. He said:" We need to protest together. This problem s not just an Ola problem. Its larger than that."
"If Tamil Nadu takes up GST, they may have to either borrow money or give up some of the schemes," said former director of Madras School of Economics.
According to sources, the average salary at the factory was Rs 33,000, making this hike a 54% increase over the three-year period.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon