Business Standard

Industry wants Didi to bring Tatas back to Singur

Assocham is planning to write a letter to the West bengal chief minister, asking her to bring back the Tatas to regain business confidence

Shine Jacob  |  Kolkata 

A day after joint managing director walked out of a meeting of industry captains with chief minister Mamata Banerjee, business lobbies today urged the state government to soften its stand towards industries and improve the state’s image by bringing the back to Singur.

This comes close on the heels of Tata Group chairman Ratan Tata’s remarks that Tata Motors Ltd’s retreat from was a “great disappointment” and the group could still return to West Bengal. Tata Motors, the country’s largest vehicles maker, had set up a plant in to produce the Nano car. But the company moved the factory out of to Gujarat’s Sanand in 2008, amid opposition from locals over land acquisition.

The Associated Chambers of Commerce and Industry of India (Assocham) is planning to write a letter to the chief minister, asking her to bring back the Tatas. The Bengal Chamber of Commerce and Industry and the Confederation of Indian Industry (CII) are also looking forward to a settlement with the Tatas.

“It will be a big boost for Bengal’s industry, as the state’s image can only be regained by the comeback of the Tatas,” secretary general said:

On Monday, Hero Group’s Munjal walked out of the industry meet organised by Banerjee--in which 42 chief executive officers and chairmen and managing directors participated, over a cold response from the chief minister on his comments on foreign direct investment (FDI) in retail. Following the event, a visibly miffed Munjal is understood to have said his firm had no plans to invest in West Bengal.

However, the state government tried to play down the incident. “There is no industry by Munjal in Bengal. So we are not taking his comments on FDI seriously,” said Saugata Roy, a Trinamool Congress parliamentarian and an aide of Banerjee.

Regarding Tata’s remark, he said: “As of now, we are not having any discussions with on on an out-of-court settlement.” The state government and the Tata Group are now locked in a legal battle over the ownership of 400 acres of land in Singur.

Bengal Chamber president Kallol Datta wants an out-of-court settlement on the issue. “The state should initiate talks with and look for an out-of-court settlement,” Datta said.

Hinting at a comeback to Singur, Tata told the media: “Need not be Tata Motors. We have until the court decides this, the plant is still there. Whether it is Tata Motors or something else.”

RECOMMENDED FOR YOU

Industry wants Didi to bring Tatas back to Singur

Assocham is planning to write a letter to the West bengal chief minister, asking her to bring back the Tatas to regain business confidence

A day after Hero Group joint managing director Sunil Munjal walked out of a meeting of industry captains with West Bengal chief minister Mamata Banerjee, business lobbies today urged the state government to soften its stand towards industries and improve the state’s image by bringing the Tatas back to Singur.

A day after joint managing director walked out of a meeting of industry captains with chief minister Mamata Banerjee, business lobbies today urged the state government to soften its stand towards industries and improve the state’s image by bringing the back to Singur.

This comes close on the heels of Tata Group chairman Ratan Tata’s remarks that Tata Motors Ltd’s retreat from was a “great disappointment” and the group could still return to West Bengal. Tata Motors, the country’s largest vehicles maker, had set up a plant in to produce the Nano car. But the company moved the factory out of to Gujarat’s Sanand in 2008, amid opposition from locals over land acquisition.

The Associated Chambers of Commerce and Industry of India (Assocham) is planning to write a letter to the chief minister, asking her to bring back the Tatas. The Bengal Chamber of Commerce and Industry and the Confederation of Indian Industry (CII) are also looking forward to a settlement with the Tatas.

“It will be a big boost for Bengal’s industry, as the state’s image can only be regained by the comeback of the Tatas,” secretary general said:

On Monday, Hero Group’s Munjal walked out of the industry meet organised by Banerjee--in which 42 chief executive officers and chairmen and managing directors participated, over a cold response from the chief minister on his comments on foreign direct investment (FDI) in retail. Following the event, a visibly miffed Munjal is understood to have said his firm had no plans to invest in West Bengal.

However, the state government tried to play down the incident. “There is no industry by Munjal in Bengal. So we are not taking his comments on FDI seriously,” said Saugata Roy, a Trinamool Congress parliamentarian and an aide of Banerjee.

Regarding Tata’s remark, he said: “As of now, we are not having any discussions with on on an out-of-court settlement.” The state government and the Tata Group are now locked in a legal battle over the ownership of 400 acres of land in Singur.

Bengal Chamber president Kallol Datta wants an out-of-court settlement on the issue. “The state should initiate talks with and look for an out-of-court settlement,” Datta said.

Hinting at a comeback to Singur, Tata told the media: “Need not be Tata Motors. We have until the court decides this, the plant is still there. Whether it is Tata Motors or something else.”

image
Business Standard
177 22

Industry wants Didi to bring Tatas back to Singur

Assocham is planning to write a letter to the West bengal chief minister, asking her to bring back the Tatas to regain business confidence

A day after joint managing director walked out of a meeting of industry captains with chief minister Mamata Banerjee, business lobbies today urged the state government to soften its stand towards industries and improve the state’s image by bringing the back to Singur.

This comes close on the heels of Tata Group chairman Ratan Tata’s remarks that Tata Motors Ltd’s retreat from was a “great disappointment” and the group could still return to West Bengal. Tata Motors, the country’s largest vehicles maker, had set up a plant in to produce the Nano car. But the company moved the factory out of to Gujarat’s Sanand in 2008, amid opposition from locals over land acquisition.

The Associated Chambers of Commerce and Industry of India (Assocham) is planning to write a letter to the chief minister, asking her to bring back the Tatas. The Bengal Chamber of Commerce and Industry and the Confederation of Indian Industry (CII) are also looking forward to a settlement with the Tatas.

“It will be a big boost for Bengal’s industry, as the state’s image can only be regained by the comeback of the Tatas,” secretary general said:

On Monday, Hero Group’s Munjal walked out of the industry meet organised by Banerjee--in which 42 chief executive officers and chairmen and managing directors participated, over a cold response from the chief minister on his comments on foreign direct investment (FDI) in retail. Following the event, a visibly miffed Munjal is understood to have said his firm had no plans to invest in West Bengal.

However, the state government tried to play down the incident. “There is no industry by Munjal in Bengal. So we are not taking his comments on FDI seriously,” said Saugata Roy, a Trinamool Congress parliamentarian and an aide of Banerjee.

Regarding Tata’s remark, he said: “As of now, we are not having any discussions with on on an out-of-court settlement.” The state government and the Tata Group are now locked in a legal battle over the ownership of 400 acres of land in Singur.

Bengal Chamber president Kallol Datta wants an out-of-court settlement on the issue. “The state should initiate talks with and look for an out-of-court settlement,” Datta said.

Hinting at a comeback to Singur, Tata told the media: “Need not be Tata Motors. We have until the court decides this, the plant is still there. Whether it is Tata Motors or something else.”

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard