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Nano Car Project in Jeopardy, Ripple Effects Felt

Times of India, Posted: Sep 04, 2008

NEW DELHIThe protracted wrangle over land for the factory thats supposed to produce the Nano, the peoples car, in West Bengal took a new turn with the Tata company threatening to walk away from their investment in the project, reports the Times of India. Ratan Tata, head of Tata, said the company is planning a pullout, in spite of its investment of crores of rupees in the project, in order to ensure the safety of its employees and contractors who have been "violently obstructed" from coming to work. Work has come to a grinding halt a week ago and has yet to resume. Now the ripple effects of the potential collapse of the project are becoming clear. The U.S.-India Business Council, which was supposed to lead a high profile overseas business delegation to Bengal this September to explore business opportunities, says that trip is in jeopardy as well. If Ratan Tata cannot succeed in Bengal, then how can an American investor hope to succeed here? said Ron Somers, president of USIBC. The conflict, brewing for months, centers around agricultural land that was given to the company for the plant and compensation for the land.


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