Tata out of Singur

Now its is sure that Tata's pet project,Nano, will not be executed from Singur. Tata Group chairman Ratan Tata took this decision, and blamed Mamta Banerjee for all these problems. Tata's decision really will affect future investments in West Bengal. Even some of the existing Investors like real estate giant DLF, is also thinking of moving out of W.B.

The loss for W.B. govt.

Pschological Loss :
1. Depecits as a non friendly investment state.
2. Major influence of Communist parties, will defer further investment in state.
3. Business communities disillusioned by the outflow of Tata.

Monetary Loss:
1. Tata is one of biggest business conglomerate in India, if Nano project would have been successfully executed from Singur, which means more chances of getting more business from other business communities also, but now it will be other way round which results in following consequences less employment, no investment, moving of current investments to other friendly state.

2. Tata's Nano project coming out of Singur received huge appreciation from International Business communities, but afterwards Singur issue was really criticized by International media.This critization made Singur/W.B. unfriendly for International Investments, even India invesmtent friendliness is now being questioned.

3. TCS, Tata IT arm is also being operated from W.B., such unfriendly treatment by the govt, might makr Tata think to move their offices to other neighbouring states, which means more losses.

4. Tata Nano project did not bring only Tata motors to Singur, but hundreds of different auto ancillary providers at one place, which means that if this project would have executed then, Singur could have become a major auto hub, or may be an Auto SEZ.

I sincerly think that this is a big loss for W.B. state.

Related articles by Zemanta

• Tata's concern over Nano factory
• World Briefing | Asia: India: Automaker Abandons Site

Thanks&Regards,
Mohit