 The area around Bhosari was set aside for industrial development by the newly-created Maharashtra Industrial Development Corporation (MIDC) in the early 1960s, and the corporation provided business infrastructure.Telco (now Tata Motors) began operations in 1961, boosting the automotive sector.Around 1970, Pune emerged as India's leading engineering region with the expansion of Telco, Bajaj, Kinetic, Bharat Forge, Alfa Laval, Atlas Copco, Sandvik and Thermax; the region vied with Chennai as the "Detroit of India".