| Log in

Tata Motors Pulls Its Nano Plant Out of Singur

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.

 

 

 


View Comments
Tata Motors To Set Up Nano Plant In Gujarat

Tata Motors To Set Up Nano Plant In Gujarat

TEAM VCC 9 years ago
West Bengal’s loss is Gujarat’s gain. Tata Group has decided to set...
Cyrus Mistry says sacking illegal, warns Tata Group faces $18 bn in writedowns

Cyrus Mistry says sacking illegal, warns Tata Group faces $18 bn in writedowns

TEAM VCC 1 year ago
Cyrus Mistry has accused the Tata Sons board of wrongfully dismissing him and...
Tata's Mistry man: Tightening belts as frugal era begins

Tata’s Mistry man: Tightening belts as frugal era begins

Reuters 4 years ago
As Ratan Tata strode the halls of the Geneva Motor Show in March, joking with...
4 Comments
Malhar Mallick . 6 years ago

It is indeed a sad day for West Bengal.

The Tata Investment (and the attention and other following investments it would have brought) could have proven to be an huge reversal in the downward trend of WB’s industrial future.

Politicians like Ms. Mamta Bannerjee should think of the future generations before causing such destruction for their own political gains.

She might have won, but the people of West Bengal have lost.

Nari Kannan . 6 years ago

What a waste? If people insist on pissing on their own shoes, nobody can do anything about it. States liek West bengal and Kerala need to learn lessons from this. Industrial growth is an eseential answer to farmers who get displaced by tractors and mechanization. Every factory job spawns 20 more jobs around it. That’s the only way. States that understand this are wise. People like Mamata and Arundhati Roy may be well meaning but idiots who do more harm than good to the very people they are trying to help. They would rather see them starve than benefit from industrialization!

Abhisehk Gupta . 6 years ago

I am surprised that the whole community is looking at TATAs no one is looking at the poor people who lost their property. How can any one snatch other propert at throw away price. This is a major cause of the problem. Jindals has set an example to make the loosing farmers the shareholders in their companies. But TATA could not do the same because of the greed. They managed to negotiate lot many advantages like subsidies, loan at ridiculously low prices etc Infact the ordinary taxpayer is subsidizing the nano car. Probably this is the reason that the details of deal never disclosed in public. Otherwise what was the fear in being transparent. The industrialist should deal the local people directly for land purchase and rehabilitate them and this is going to be the only answer.

Abhishek Gupta . 6 years ago

I am surprised that the whole community is looking at TATAs no one is looking at the poor people who lost their property. How can any one snatch other propert at throw away price. This is a major cause of the problem. Jindals has set an example to make the loosing farmers the shareholders in their companies. But TATA could not do the same because of the greed. They managed to negotiate lot many advantages like subsidies, loan at ridiculously low prices etc Infact the ordinary taxpayer is subsidizing the nano car. Probably this is the reason that the details of deal never disclosed in public. Otherwise what was the fear in being transparent. The industrialist should deal the local people directly for land purchase and rehabilitate them and this is going to be the only answer.

Tata Motors Pulls Its Nano Plant Out of Singur

Powered by WordPress.com VIP