Ratan Tata would never have thought about such fate of his dream project – the world’s cheapest car – Nano. The second half of this year will not let him celebrate the coming year. The journey of his project seems to be full of many patholes. From the exhibition of Nano at the 9th Auto Expo, Delhi to the setting up of plant at Singur, it was full of many ups and downs.
From the dispute raised by the Trinamool Congress leader Mamta Banerjee since end-2006, surrounding the land acquired by the Tatas, to the recent withdrawal of the project from Singur by the Tatas, it is estimated that it was the Tatas who have lost a lot in between these. Is it so?
The loss of Rs. 1500 crores, suffered by the Tatas, can be compensated by financial assistance. But what about the future prospects of industrialisation in West Bengal? It can’t be compensated by any sum of money. If the Tatas have lost a mighty sum of money, West Bengal has everything at the stake- be it the pro-industrial image of the state or the future prospects of investments.
The recent developments in the state has compelled other investors to think before they invest in the state. Except JSW Bengal Steel, the other steel majors which have MoUs with the state do not acquire land in their possession. These include the likes of Jai Balaji, Adhunik, Bhushan and Abhijit groups. The situation has put a big question mark on the investment prospects of the state. The Tatas’ decision has turned a huge blow to West Bengal and particularly chief minister Buddhadeb Bhattacharjee. The diparture of the Tatas from Singur sends a wrong signal to future investors.
Ironically, the loss of West Bengal has given the other states, to be precise, Andhra Pradesh, Gujrat and Karnataka, a chance to emerge a the pro-investment states. These states are some of the most industrialised states in India. They lack in red tapism and provide business environment for the investors.
In a nutshell, it is not the Tatas who have lost the game, rather it is West Bengal who has lost the game. Tatas have got another opportunity to get their dream see the light. At the cost of rehabilitation, the Trinamul Congress leader has put not only the investment prospects but the employment prospects and development avenues of the state at stake.
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