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Tata may exit Singur, take Nano project elsewhere

August 22, 2008

Tata Motors Chairman Ratan Tata on Friday threatened to exit West Bengal if there was no let up in violence at Singur, where the company is building a factory to make the world's cheapest car 'Nano.'

"We are deeply concerned at the violence and disruption and at the safety of our employees, equipment and investments at the project site at Singur," Tata told reporters on the sidelines of the Tata Tea annual general meeting.

"If need be we will move and relocate the Nano project elsewhere. We have made a major investment in West Bengal. To move will be at a great cost to Tata Motors and to shareholders, but relocation will also cost the West Bengal government. However, I will not bring my employees here if they will be beaten up," the Tata Group chairman said.

Text: PTI

Image: Tata Group chairman Ratan Tata poses in front of the Tata 'Nano' car during the launch in New Delhi on January 10, 2008. | Photograph: Raveendran/AFP/Getty Images

Also read: The Tata Nano: Complete coverage

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