Exiting Singur as have promises to keep: Ratan TataPublished on Fri, Oct 03, 2008 at 18:14 | Source : CNBC-TV18 Updated at Mon, Oct 06, 2008 at 10:47
Tata Motors have decided to pull out of Singur. In a meeting held with the Chief Minister of West Bengal, Buddhadeb Bhattacharjee and Minister in Charge, Department of Commerce & Industries, Nirupam Sen, Ratan Tata, Chairman, Tata Sons & Tata Motors and Ravi Kant, Managing Director, Tata Motors, expressed their extreme anguish at the heightened level of agitation and hostility by the opposition parties led by Mamata Banerjee, resulting in a concern for the physical security of their staff, contractors and vendors.
Threats, intimidation and instances of assault and general obstruction in one form or the other have been the order of the day. It was therefore that Tata and Ravi Kant conveyed to the Chief Minister that in the interest of the project's success and viability and in light of the opposition's continued agitation, there was no option but to move the project out of the state of
Tata Motors had constructed the plant over the past two years, despite continued agitation, hostility and continuous effect on the reputation and integrity of the Tata Group also. Tata Motors almost reached a start up position of the plant. However, the heightened hostility and agitation had caused the commissioning and start up phase to be suspended. The contract labour had also been intimated and assaulted, thus making it impossible to continue. Tata Motors had suspended work for an entire month on the plant. Unfortunately, there was no de-escalation in the level of hostility and agitation. The Trinamool Congress (TMC) and those supporting them, continue to demand a part of the land to be returned to the farmers by the Government, which would render the project unviable.
Ratan Tata said that he is forced by situation not from the government but circumstances on the ground. "It is an extremely painful decision and has shattered many dreams but there was no other option. We are leaving because of Mamata Banerjee agitation, not because of the state government. We cannot run a plan under police protection, bombs being thrown and intimidation but we parted as friends and will continue to look at Ratan Tata said that he has taken the decision keeping in mind our responsibilities to shareholders. "We will include Ratan Tata said that Nano will come on committed time. "We will soon announce about new locations for Nano and are looking for congenial environment to set up Nano plant. We will make makeshift arrangements to meet the Nano deadline. We are yet to evaluate the financial losses in moving out of Ratan Tata said that the vendors are an integral part of process. "We will do everything we can to make vendors move with us and will protect them to the extent we can." Ratan Tata did not want to comment on manner in which the land was acquired and on how land already allotted will be used. He believes land was acquired legally and under a transparent process.
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