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"This is an extremely momentous and happy day for us because we have been through a rather sad experience from a small quarter of residents of West Bengal despite the state government's efforts," Tata Group Chief Ratan Tata said at a joint press conference with Cheif Minister Narendra Modi.
The MoU was signed by Tata Motors Managing Director Ravi Kant and Industrial Secretary Gouri Kumar
Praising Modi for speedy allocation of about 1,100 acres of centrally located land, Tata said the company had a great deal of urgency in having a new location and was driven by the reputation of the state.
"The site in Gujarat, already under the possession of the state government, will help Tata Motors establish a new dedicated mother plant with the shortest possible time lag and least possible increment project cost," he said.
Together with Tata Motors, about 60 vendors would also move to the new location.
Asked about the over-all deal offered by the Gujarat government, Tata said, "it is as good as or slightly better than the one we had previously (in West Bengal)."
Gujarat was one of many states in the race for Nano car manufacturing facility. Welcoming Tatas, the Chief Minister said, "Tatas and Gujarat have started a new chapter of partnership which will give a new direction and dimension to the state.”
"After the Nano car project, Gujarat will make an important place in surface transport."
To begin with, Tata Motors would produce 2.5-3 lakh cars annually and the capaicty is expandable up to five lakh cars per annum, Tata said.
When asked about the timing of launching Nano, Tata said, "It will be our endeavour to be close to the timeline so that we can keep our promise."
He, however, did not specify any timeline and said the company would make an announcement in this regard later.
"Building this plant in Gujarat will take some time and we have some make-shift plan to introduce Nano in the market in the interim month while the plant is being built," he said.
A company statement said it would explore the possibility of manufacturing Nano at its existing facilities in Pune and Pantnagar and would launch the car in the last quarter (Jan-March) of the current financial year.
Meanwhile, reports from Uttarakhand said 'limited production' of the world's cheapest car will take place in Pantnagar.
"Tata Motors officials have conveyed to the state government that limited production of Nano will be held in Pantnagar despite their decision to take the mother plant to Gujarat," said Uttarakhand media advisory committee Chairman Devendra Bhasin quoting Chief Minister B C Khanduri.
Tata Motors also plans to have CNG, electric and exports variants manufactured at the mother plant in Sanand, Tata said.
Talking about the size of investment, company's Managing Director Ravi Kant said it would be about Rs 2,000 crore.
"There will be some more things that we are talking about. We expect more number of vendors to come here. The size of the plant would be much bigger than what we had planned for West Bengal," he added.
As per the agreement, Tatas would also undertake a number of initiatives for human resource development in the state, including setting up of ITIs.
When asked about the loss incurred due to pulling out of West Bengal, Tata said, "We would be retrieving most of our costs out of Singur and I don't believe that there will be a need to have any appreciable loss reflected in our financials in the current year."
"The cost of moving out would be the cost of dismantling and the cost of moving to a new location," he said.
According to the agreement, the homegrown auto major would purchase land from the Gujarat government at current market prices.
Last week, Tata Motors withdrew its Rs one-lakh Nano car project from West Bengal, with a disappointed Ratan Tata blaming the Trinamool Congress leader Mamata Banerjee for the ‘unfortunate and painful’ decision.
Hitting out at Mamata, Tata had said, ‘agitation by the Opposition party has been the sole reason for this decision. How can we go into production when people are saying that we will continue agitation. I think Banerjee pulled the trigger".
Retaliating, Banerjee had said it was a ‘joint game plan’ by the Tatas and the state government during Durga Puja festival.
Tatas had evacuated entire work force from Singur, complaining intimidation and violence from the agitators who had cordoned of the entire area since August to prevent progress on the project.
In the auto space, Gujarat so far has a General Motors plant in Halol, Bombardier's bus body making facility and Asia Motor Works' truck manufacturing unit at Bhuj.
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It is good opportunity for all persons which stay in gujarat so lets do for our nation
With gujarat bagging the tata nano project its a huge loss of people of bengal with the tata project would have come employment opportunities and good living standards for bengal there are reports that satyam and infosys are also pulling their operations out of bengal. To all the Educated People of bengal WHATS GOING ON ?Atul
Neno deaals with gujrat is a very happiest thing and it would be banificial for development of state as well as rular people. it will help in city infrastructure bacause neo is coming with 60 vendors. fanally i would like to say that i am very happy because i am a student of MBA.
banifit of gujarat
Job for senior position in electrical dept/power plant
i m chemist i m quelification Bs.c chemistry i want job in neno project
dear plz provide transpotetion tendar detail for neno project at sanad gujarat
Well done Mr. Modi. You are really a great man.Dr. Rajendra
as tata got its place for nano we have to be happy bcaz we see small car as soon as possible, its not any time which has got and which got lost its all happening in Bharat
Modi sir great person in world. sir u come to good industries in gujarat..nice sir, some people r have no job plz find this neno project and more people job in gujrat.. r u good and kindly person. thanks garvi gujarat....Tum jivo hajaro sal
Congrates to Mr. Modi. He proved himself as the CM who won the chair on development campaign. Again he proved that he is going to face the next election on development campaign and certainly he will win the election, no doubt. However, he has to shed his image of Hero of Hindu and become Hero of Indians. Only then he can win the hearts of other communities and become a successful PM like respected AB Vajpayee. I don't think Advani will leave him the top chair uncontested. Of course there is unknown factional fighting in BJP
Gujrat is THE place to be. Nar ho to Narendra jaisa!! Clearly the best CM India has ever seen. Trust me, I know, I am from Bihar. The TATAs have made a good decision. Congratulations to everyone!!
With gujarat bagging the tata nano project its a huge loss of people of bengal with the tata project would have come employment opportunities and good living standards for bengal there are reports that satyam and infosys are also pulling their operations out of bengal. To all the Educated People of bengal WHATS GOING ON ?
Otherside,Do not forget that the propsperous Gujarat, hated by the communists,is also a big market for the cars. other industrialists will take a clue from TATA group?
This is the time to really congratulate Narendra Mody. CPM and Mamta Banerjee will feel the result of their irresponsible actions. Left is for defect.
Good for India.. Gujrat always ready for India's progress to lead the world.
Mr Modi is man of vision and knows his job well.All other politicians are chor.
Three Cheers and hats off to Narendra bhai Modi ! Firstly for clearing the decks for Nano in just 10 days.Also for developing a team of people in state administration who are progressive and not obstructive. The people of rest of India may envy Gujarat for having a leader and a CM like Narendra Bhai. He was right to claim that with the growth between 13 - 14% Gujarat must be compared to China and Japan rather than any other Indian state. Today we need businesslike politicians in governance rather than who merely remain a vote bank politician that is petty-minded and selfish.The seudo secularists like Lalu, Mulayam, Congress, Communists must understand that the talk of Secularism, poverty, communalism is just a mask to cover politicians' with obsession of grabbing power and favouring their own men. Its silly and pity that still people find it hard to digest the praise or appreciation showered on Narendra bhai. Best of Luck and carry on your sincerity and appetite for development.
This is against the secular credentials of India. This will harm minorities and help only Hindus. This is like funding Hindu fundamentalism. How dare Tata show their back to great communists of Bengal who managed to pull Bengal from 2nd most industrialized state to 27th? Tata's are anti-national to choose Gujarat. This will anti-secular.........hehehehe.........
This is a DEFEAT for the Congress...there was no problem in Singur UNTIL the Left started to raise objections to the U.S. Nuclear Deal which was detrimental for India...SO....Congress played its old card....propped up Mamta (an ex-Congressite)..to harass the Left....and tghe Sigur farmers ended up losing Nano...Modi has once again proved to be a TRUE LEADER...I would say that a TRUE GUIDE....for the country's future....Tata's decision is a slap in the face for Congress...
Shri Modiji,You have shown tremendous leadership thru thick and thin. This is the kind of leadership India needs, unlike italian brand or mix-breed that we have at center.Please consider running for PM post in next elections.
A good move by TATA. Congratulations to Modi and TATA.
Good News for the Ayudha Pooja and Vijaya dasami.
Mr. Tata
Mr Ratan you have brought shame on the name of the Tata's by calling Modi a good man. Generations to come will not forgive you for your statement. You have sullied the brand which your ancestors build with such care. How come you call a man good who over saw the death of so many innocent lives. For Ratan does only business matters and not human life. Why did you forefathers build all those great institutions, so that one day you can call a murderer a good man.Who told only politicians are bad in this country. Today this actions of Ratan Tata has not only sullies the image of the Tata group but also the likes of Godrej and others who oppesed the Modi when he addressed them.This act of Ratan Tata has denigrated the Tata Institution for ever. I think the Tata group chooses another leader. Because this man has started putting money over morality.My advice to the Tata Group time has come to say Good Bye to Ratan Tata.
Congrats to Gujarat State as a whole. Those who work hard, get to play better as well. naach Gujarat naach, chalo daandiya !