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We will not stay if we are unwanted: Ratan Tata

TimePublished on Fri, Aug 22, 2008 at 19:35, Updated on Fri, Aug 22, 2008 at 19:56 in Business section

DEATH KNELL: TATA's discomfiture has sent a strong message to many potential investors.

DEATH KNELL: TATA's discomfiture has sent a strong message to many potential investors.


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Kolkata: With growing worries over the continuing agitation in Singur, Ratan Tata on Friday talked about a possible pull out from West Bengal.

"If we are unwanted here, then we dont to stay on further," he said.

It was a Tata way of saying they are preparing to bid goodbye. Two months before the scheduled roll-out of Nano from the Singur plant, the father of the Rs 1 lakh car was saying he's had enough. And the signals this would send out for the Buddhadeb government desperately seeking investment are very damaging, he said.

"This will cost the state of West Bengal. The violence is being seen all across on TV sets. I hope West Bengal does not get charecterised as the trouble spot," Ratan Tata

said,

But the lady who presides over that "trouble spot", Trinamool Congress leader, Mamata Banerjee, is unmoved.

"Who is indulging in violence? Who raped and killed Tapasi Malik? These questions will have to be answered first. I am not responsible for the situation. People who have lost land have to be taken care of," she said.

With Mamata refusing to back down on the disputed 400 acres, it's going to be an uphill task for the government. Even as Ratan Tata was sounding the death knell for Buddhadeb government's industrialistion plans, the West Bengal Industries Minister Nirupam Sen was reassuring industry captains that the investment climate would be positive.

"We will find a solution to the crisis. The people of West Bengal want this project to come up," Sen said.

The TATA threat may not mean they are leaving just yet, but their discomfiture has sent out a strong message to many potential investors.

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