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Tatas In Talks With West Bengal Government For Big Ticket Investments

One of the biggest business conglomerates in India, the Tatas, are in talks with the West Bengal government over big ticket investments in the state.
Kingshuk Dutta
Kingshuk Dutta
1 min read
2021-07-19 22:09:57
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Tatas In Talks With West Bengal Government For Big Ticket Investments
Key Highlights
  • Tata is in talks with WB government for big ticket investments
  • WB govt. keen on increasing industrialisation & employment in the state
  • Iron and steel sector being kept on priority

It has been 13 years since Tata Motors wanted to put up a small car manufacturing plant in Singur, West Bengal, but had to pull out due to the anti-land acquisition movement. But now, it would seem that the West Bengal government is courting Tatas to return to the state and invest heavily. West Bengal's Industry and IT Minister Partha Chatterjee said that talks are on with the Tata for big-ticket investment and incentives to the business conglomerate will depend on the ability to generate employment. Job creation is seen as one of the big priorities of the state under the newly elected TMC government.

Also Read: Tata Power Partners With HPCL To Set Up Charging Infrastructure At Petrol Pumps

Minister Chatterjee said that West Bengal CM Mamata Banerjee wants two large manufacturing units to be set up by any prominent industrial house at the earliest. IN fact, Tata is said to have shown interest in setting up another Tata Centre in Kolkata to house its offices.

"We never had any enmity with the Tatas, neither we fought against them. They are one of the most respected and biggest business houses of this country and also abroad. You can''t blame the Tatas (for the Singur fiasco). "The problem was with the Left Front government and its forcible land acquisition policy. Tata group is always most welcome to come and invest in Bengal," Chatterjee, also the ruling TMC's secretary general, told PTI in an interview.

Also Read: Tata Delivers 14 Xpres-T EVs to Kolkata's Garden Reach Ship Builders & Engineers

"We already have the presence of Tata Metaliks, one Tata Centre besides the TCS here. But if they are willing to come up with big-ticket investments in manufacturing or other sectors, there is no problem. Our IT secretary recently told me they had shown interest in setting up a Tata Centre here," he said.

When asked whether the government will invite the Tatas to set up a manufacturing unit at Singur once again, the minister said, "Why would Tatas want to return to Singur? The land has already been given back to farmers. We are planning to come up with agro-based industries there as the area's economy is based on agriculture."

The re-elected TMC government has prioritised rapid industrialisation and employment generation, preferably from the iron and steel sector, where Tata has a big presence.

Also Read: Tata Motors Partners With IndusInd Bank For Financing Its Passenger Vehicles

Our priority right now would be to bring two big manufacturing companies which are job creators. I am speaking to various stakeholders, industry captains and officials about it. We are on the job," he said.

Chatterjee assured that the TMC will address the issue of land acquisition and related approvals along with incentives in a prompt manner. Of course, the TMC will continue of its policy of 'no forcible land acquisition'. The concerned business/industry will have to acquire land on its own, from the government's notified land bank and industrial parks.

# Tata Motors# Tata Sons# West bengal# Tata Sons board# Singur# Industrialisation# Employment# Trinamool Congress# TMC# Partha Chatterjee# Cars# Auto Industry
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