Wednesday, March 31, 2010

Dalai Lama's Steel Factory For Sale

His Holiness the Dalai Lama's Gayday Iron and Steel Company, located in Hirodih, in eastern Jharkhand state, 225 kilometers from the state capital Ranchi, is up for sale. The business venture has been regarded as something of a failure. The factory, which once employed more than 500 workers making spun steel pipes, shut down in July 1976.

Revitalization of the factory would prove a boon to the estimated 16,000 residents of Hirodih, as well as those of four surrounding villages. Interesting idea, isn't it? Ever want to (a) help the Dalai Lama financially, and (b) own a factory in India? More on this story is just a click away.

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1 reader comments:

Anonymous said...

His Holiness the Dalai Lama had put in a huge investment in Gayday Iron & Steel Company. It was met up with strong competition from companies like TATA steel. Back in the early 1950's huge blocks of Tibetan gold was brought out and kept in the safe keeping of the Chogyal of Sikkim's Palace garage. These were liquidated in Calcutta after 1959, and Gayday was started. Not many people knew of this venture of the Dalai Lama, and fewer are aware of this article, much less the Tibetan community. It is truly a rare historic story of HH Dalai Lama'a business investments to secure a better future for the Tibetans in exile. It is a sad story, but a beautiful one.