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Mamata gives wagon industry feel-good factor

KOLKATA: Getting another minister in the Cabinet rank to represent the State is creating a feel-good factor for at least one section of the industry, the Indian wagon industry, whose fortunes are intertwined with the expansion plans of the Indian Railways.

With 80 per cent of the wagon industry based in the eastern region, chief executives of companies in this industry were first to react to the news of Mamata Banerjee being allocated the railway portfolio.

Ramesh Maheshwari, President and Chief Executive Officer of K. K. Birla group company Texmaco said, “The appointment of a minister in the Cabinet rank from West Bengal for the railways portfolio augurs well for this industry — 80 per cent of which gravitates around West Bengal and the eastern region.

Pawan Ruia, Chairman of another major wagon manufacturing company, Jessop, an erstwhile public sector unit, said this was good news indeed for the wagon manufacturing industry.

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