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Mumbai, Aug 27 Mr Mukesh Ambani, Chairman and Managing Director of Reliance Industries Ltd, decried the agitation going on in Singur against Nano plant of Tata Motors.

“A fear-psychosis is being created to slow-down certain projects of national importance,” Mr Ambani said in a press statement here. He said that such moves would be counter-productive for the economic growth of the country as well as our ability to attract investments across the world.

“The Nano Project is a unique and innovative initiative which will establish India’s position as a small car hub. The Indian Industry must be encouraged to make such large investments in order to build the country’s competitiveness as well as support job creation,” he said.

Mr Ambani himself is facing problems with regard to the land acquisition for his proposed Navi Mumbai SEZ and Mumbai Special Economic Zone Company (MSEZ). Mr Ambani, in his statement, urged the Indian industry and the political leadership in the country to work together to deliver on the aspirations of the millions of Indians in urban and rural areas.

More Stories on : Cars | New Projects | Politics | Reliance Industries Ltd | Tata Motors Ltd

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