No much sign of industrial development in Bengal: Tata

Tags: News
Despite the realty developments, there are still no signs of industrial development in West Bengal. At least that’s what Ratan Tata, chairman emeritus of Tata Sons, feels.

In what can cause the Mamata Banerjee-led Bengal government some embarrassment, Tata, who visited Kolkata on Wednesday after two years, said, “While driving from Rajarhat, it is unbelievable to see new buildings coming up. But it still looks like a countryside, undeveloped. I do not see much signs of industrial development.” Tata was speaking at an interactive session with the Ladies Study Group here.

On shifting of Nano plant from Singur to Sanand, the former chairman of Tata group said he would do the same in the eventuality of a similar situation.

He said, “It was a prudent decision given the circumstances, although it had a very high negative cost to us. When we launched the Nano, it created a global excitement. Then we had about 300 thousand orders. The waiting list rose to two years when we announced the product. When we shifted from Singur to Sanand, much of the excitement died with it. Some sort of disbelief came into being that such a product would ever come. It gave our competitors a chance to bad mouth about our product in the market.”

Tata said, “there are three essential components which a state must possess to provide a good business environment. The government has to be supportive of industrial growth and it should be free of partiality or bias to any group and be a facilitator rather than an obstructer. It has to be a controller in a positive sense.”

EDITORIAL OF THE DAY

  • Govt must resist the temptation of milking PSUs to finance development expenses

    Hoarding cash in huge amounts should perhaps be made a punishable offence in India.

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