The Leading NRI industrialist Lord Swaraj Paul was recently on a visit to Butt Moose Industries, the North American division of the Paul family’s Caparo business headquartered in St. Louis, when he was honoured by Mayor Francis Stay with the key to the city.
He was honoured for the commitment and investment by Caparo and the Paul family in the St Louis area over 30 years.
"I was delighted to receive this prestigious award from Mayor Slay who has himself done great things for St Louis during his 17 years in office," Lord Paul the Caparo Industries chief said. "It has been a privilege to be part of the St Louis community and to be able to participate in the regeneration of the inner city, most recently with the Angad Hotel in the Grand Center district, named in honour of my late son who was inspired by the potential of the city's heritage and the redevelopment of the Federal Mogul site in Midtown," he said.
The Bull Moose Industries tubing manufacturer was established in 1962, in St Louis in the US and his recent visit demonstrated the potential of management for significant future growth, which the NRI industrialist hopes to bring more jobs to the place, benefiting the local population. "My current visit has shown the strength of this business and the potential of the management for significant future growth which I hope will bring further jobs to St Louis for many years to come," he said.
His visit also marked the commencement of the construction of the project named ‘Hotel Angad’, a building hotel to honour slain son’s memory. The project includes a 145-room hotel, office and retail complex at the Missouri Theatre building in St Louis’ Grand Center district. Marking the start of construction, Paul said, “I am delighted that this hotel is to be named after Angad. It was his creative vision and determination which has made this happen”.