Modi's investment in Nano project: Re 1

PTI | June 2, 2010



Re one is all that Gujarat Chief Minister Narendra Modi invested and in return he earned a mind-boggling Rs 2,000 crore investment for his state, a political coup against the Left parties and the Tatas' gratitude.

Reciprocating the sentiment, Tata Group supremo Ratan Tata said: "We belong to Gujarat. We had gone out and now we have come back here."

Summing up Nano's journey from West Bengal in the east to Gujarat on the west coast, Modi said: "When Ratan Tata said in a press conference in Kolkata that they are leaving West Bengal, I sent him a short SMS saying welcome to Gujarat.

"And now you can see what a Re one (worth) SMS can do."

However, what remains unsaid at this juncture was a host of concessions, financial incentives, huge piece of land and above all, an insurance against any political resistance. No wonder, the state of the art production facility was erected from scratch in less than two years, against months long agony Tatas faced in Singur, West Bengal, ruled by Left parties.

Tata Motors was forced to quit Singur where it planned to set up the mother plant for its people's car Nano, following fierce opposition to land acquisition from locals led by Trinamool Congress leader Mamata Banerjee.

Tata said his ancestors came to India from Iran and found refuge in what is modern Gujarat.

The new plant was inaugurated today by Modi and Tata. The event was wound up mid-way due to a strong dust storm.

"We decided that we would locate it in a part of the country, which we felt could benefit from this (Nano project).

Unfortunately that was not to happen and we had to move the plant under duress," Tata said referring to its unceremonious exit from West Bengal in October 2008.

"We searched for another home for Nano and we wanted to be sure that we could move in peace and harmony, and be able to establish new home for the plant... Modi stood out among all the others in guaranteeing us whatever we needed. It was not just our project, we felt that it was of Gujarat government and Tatas'... We owe you a debt of gratitude." he added.

The Sanand facility, built at a cost of Rs 2,000 crore, has a manufacturing capacity of 2.5 lakh units annually, scalable up to five lakh units per annum. Pilot commercial production of Nano at Sanand has already begun.

"When I came here first on an industry visit, invited by Gujarat Chief Minister, I was told that if it (the Nano plant) is not in Gujarat, I will be a stupid.

"I am no longer stupid after investing on the plant in Gujarat," Tata said, inaugurating the plant.

 

Comments

 

Other News

Mumbai has just 1.28 sq.m. of open space per person: Study

Mumbai`s public space crisis is as much about mismanagement as it is about scarcity, and offers a governance roadmap that can be implemented without new legislation, according to a new report by the Urban Design Research Institute (UDRI) and the NGO Alliance for Governance and Renewal (NAGAR).  

Lok Sabha passes amendment bill to improve public examination system

The Lok Sabha on Wednesday passed the Public Examinations (Prevention of Unfair Means) Amendment Bill, 2026 by a voice vote after an extensive discussion. Replying to the debate, minister of state (independent charge) for science & technology; earth sciences and MoS in the PMO, Dr. Jite

Shri Abhijit Phukon (IES, 2004) appointed as Joint Secretary, Department of Agriculture & Farmers Welfare.

 Shri Abhijit Phukon (IES: 2004) has been appointed as Joint Secretary, Department of Agriculture & Farmers Welfare, Government of India. His appointment, approved by the

Shri Avanish Kumar Mishra (ISS, 2000) appointed as Joint Secretary, Department of Administrative Reforms & Public Grievances.

 Shri Avanish Kumar Mishra (ISS: 2000) has been appointed as Joint Secretary, Department of Administrative Reforms & Public Grievances (DARPG), Government of India. The appointment, approved by the Appointments

Millets are thriving. Are millet farmers?

The story of millets is nothing short of extraordinary. Once seen as the food of the poor and downtrodden, they are now seen as the food of the health conscious and the elite. Today, these nutri-cereals occupy prominent shelves in premium supermarkets, feature on the menus of gourmet restaurants, and are e

More judges will not fix courts without better court work practices

A vacant courtroom cannot decide a case. Neither can a poorly managed courtroom simply decide twice as many cases after receiving an additional judge. Judicial capacity and court productivity are related, but they are not the same. The distinction matters because India’s district and subord

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter