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BharatTextile.com » Apparel/Garments News » INDIA: Bata Set up Two World-Class Factories in Bihar
INDIA: Bata Set up Two World-Class Factories in BiharThomas Bata , the patriarch of the global shoe company who died in Toronto, was passionate about India and even held the global board meeting of his group at Batanagar in West The 93-year-old soft-spoken entrepreneur, who led the Bata Shoe Company's growth for the past. seven decades, was also the man responsible for making his company household brand in India's footwear industry, recollect his friends and associates. "His passion for India had even driven him to hold the international board meet of the Bata "He also visited Bihar thereafter to set up two world class factories for his group. The success of Bata, who often called himself a ninth-generation cobbler, set up his first factory in India at The Canadian arm of the organisation still holds 51 percent equity in Bata's India operations, even though the management is professionally run. A regular visit to Davos in Switzerland with his wife, Sonja, for the annual summit of the World. Economic Forum (WEF), he would often hang around with the Indian delegation and never miss their parties, particularly for the curries. "I have known Tom for more than 20 years. He had tremendous love for India, and we in Indian Auto chairman Rahul Bajaj. In the 75 years that the Bata group has been in India, it has captured a 35 percent market share in the organized footwear sector, or 8.5 percent of India's total footwear market, which is retailed from as many as 1,250 stores. Almost 98 percent of the company's revenue is from the domestic market, selling over 45 million pairs of shoes every year with an annual sales turnover of more than Rs.8 billion ($178 million). The company's brands include Hush Puppies, Dr. Scholls, North Star, Power, Marie Claire and The company's latest venture is a joint venture real estate project with the Calcutta metropolitan. Group to develop 262 acres land in Batanagar into a world-class integrated township. For Bata, India was also the country which accounted for the maximum sales. 'People in India consider Bata as an Indian company,' he later remarked in an interview, in the same sense of humour his friends known him for. 'And they occasionally complain that the shoe doesn't fit," he said, referring to some problems the India operations faced with labour unions. Send your News/Releases for publication to news@bharattextile.com
Added: November 18, 2008 (53 days ago) Source: Agencies
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