Business Daily from THE HINDU group of publications
Friday, Mar 16, 2007
ePaper
Business Daily from THE HINDU group of publications Friday, Mar 16, 2007 ePaper |
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Corporate
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New Projects
Our Bureau
Kolkata March 15 The Singur small car project of Tata Motors is on track and will be ready by the middle of next year, according to Mr Ravi Kant, Managing Director. Mr Ravi Kant, who was here today in connection with a seminar organised by the Federation of Automobile Dealers Associations and Motor Industries Association, said that the company was working closely with the West Bengal Government to resolve all issues related to the setting up of the plant that will roll out the Rs 1 lakh car. According to him, Tata Motors had come to West Bengal with "great risks and against all odds." It was for the State and the people to decide what was beneficial for them. He said that the eastern region needed industrialisation and Tata Motors had confidence in the investment climate in the State. He cited the example of Uttarakhand, where Tata Motors has set up a mini-truck plant. The investment has changed the entire dynamics of the region, which has emerged as an automobile hub. West Bengal, too, has the potential to emerge as an automobile hub. Tata Motors is setting up the small car plant at Singur, 45 km from Kolkata, at an investment of Rs 1,500 crore. Earlier, in his address at the seminar, Mr Ravi Kant said that Tata Motors was looking at acquiring an auto assembly unit in South Africa.
More Stories on : New Projects | Cars | Tata Motors Ltd
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