By 03 October, 2008

Tata Motors has pulled out its Nano car project from Singur in West Bengal, announced Ratan Tata  in a press conference in Kolkata, later in the evening today. The decision was taken after Tata Group Chairman Ratan Tata met West Bengal Chief Minister Buddhadeb Bhattacharjee in the state secretariat. "A decison like this becomes a lonely decision. It comes with a lot of pain," said Ratan Tata.

Not withstanding the increasing agitation and aggression from the opposition party led by Mamata Banerjee, Tata's finally decided to pull out of Singur to safegauard their employees. In his address to the media, Ratan Tata attributed the non-cooperation from the opposition party to be the sole reason for this decision. He said that "there could be a dialogue when there is a human approach to things, not when there is aggression and agitation".

No matter, the Tata's had to bid a farewell to Singur, Ratan Tata said that he will not deter from his promise of providing the one lac car and will keep to the Nano timeline. Ratan Tata also added that they will ensure that all the employees are relocated.

The decision to move out of Singur was taken today and the management is yet to evaluate the financial impact of this development. They have received offers from other state governments and will announce where the plant will be moved.

 

 

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