- 01:52 PM Delta Corp has target of Rs 65: Irani
- 01:44 PM Jyothy Laboratories a safe bet: Irani
- 12:58 PM Cyclone Phyan to bring heavy rains to Mumbai
- 12:54 PM Cipla launches drug to treat H1N1 virus
- 12:54 PM Shree Renuka acquires Brazilian firm for $82 m...
- 12:54 PM JPMorgan bullish on Educomp, sees target at Rs 100...
- 12:48 PM Nifty trades above 4950; metal, IT, auto, pharma u...
- 12:42 PM Buy IVRCL Infra; target of Rs 382: Motilal Oswal
- 12:37 PM Allow stake in Indian carriers: Foreign airlines u...
- 12:04 PM Pathik Gandotra positive on Yes Bank



Even as India’s burgeoning economy grabs global attention and India’s new transnationals grab foreign companies, concern still persists in the United States over the social issues that may delay or even sidetrack industrial projects, especially given the largescale protests over the Tata Motors small car project in Singur, West Bengal. And when a group of Indian MPs came to New York, they found this controversy attracting attention and worried questions.
Six Indian MPs came to New York as part of a delegation of the India-US Forum of Parliamentarians. And they were invited by the prestigious Asia Society to discuss Special Economic Zones. The focus though was on the Tatas’ controversial Singur project, and the panel spent its time debating and disagreeing over a possible solution.
|
RSS feed for news Click here |
IUFP Chairman and Rajya Sabha MP, Biju Janata Dal, BJ Panda told SAW, "You need a good success story where everybody’s a winner. Where the farmers are winners, where the companies that come and make an investment are winners, where the state is a winner. We have not yet come to that stage. I’m hoping that in Orissa and elsewhere, we’ll see the first such example and then perhaps the lessons can be applied, not just in Singur, but to other places where we have SEZ policies coming up and where we have land acquisition issues."
Lok Sabha MP, Shiv Sena, Suresh Prabhu says, "Here it seems some section of society like farmers are losing first, and maybe some other sections will lose later. So, this will not really work. So how to balance and how to have a trade-off, that’s the challenge before us."
The audience at the Asia Society was equally interested in what message the Singur controversy, even if it involved an Indian company, was sending to potential foreign investors in India. But the representative of the party leading the charge against the project brushed off those fears.
Rajya Sabha MP, Trinamool Congress, Dinesh Trivedi adds, "I don’t think so. If at all, these kind of controversies strengthen their faith in Indian democracy and Indian rule of law. And, if at all, more and more people will come. If we have made a mistake, there is something called a course correction and I think this will lead to more investment in India."
Those eyeing India as an investment destination will hope those words ring true. The Singur controversy came to the United States and the result was the same as in India – heated discussions and disagreements among Indian politicians!
Anirudh Bhattacharyya
|
|


Today's Special Column
with Pronab Sen
Union Ministry of Statistics and Programme Implementation , Chief Statistician and Secretary


-
Most Read
-
Most Viewed
- 10 companies that MF managers love
- 10 Companies that FIIs love
- Experts on stocks and sectors to pick/avoid now

- Mitesh Thacker's top picks for today's trade

- Ganeshaspeaks: Market prediction for Nov 11
- IPO scam: SEBI bars Pyramid Saimira for 7 years

- How greed got the better of this Morgan Stanley star
- Sensex may drift down to 12500, -ve on RIL: Shankar Sharma

- JPMorgan bullish on Educomp, sees target at Rs 1000/share
Source: CNBC-TV18
- Nifty trades above 4950; metals, IT, auto, pharma up
Source: Moneycontrol.com
- Buy IVRCL Infra; target of Rs 382: Motilal Oswal
Source: Moneycontrol.com
- Allow stake in Indian carriers: Foreign airlines urge govt
Source: Moneycontrol.com
- NMDC, AP body to enter mining pact
Source: Business Line
- Volvo-Eicher semi low-floor buses to hit the roads next yr
Source: Business Line
- Petronet likely to award LNG jetty contract next month
Source: Business Line
- NTPC units shut down on coal shortage
Source: Business Line





















