Grateful to PM Narendra Modi for giving Nano a home at Sanand in Gujarat: Ratan Tata

Aug 07 2014, 00:16 IST
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Shifting from Singur gave us a high negative cost, says Ratan Tata. (Reuters) Shifting from Singur gave us a high negative cost, says Ratan Tata. (Reuters)
SummaryShifting from Singur gave us a high negative cost, says Ratan Tata.

Chairman Emeritus of Tata Sons Ratan Tata today termed Prime Minister Narendra Modi as a 'doer' and said he should be given more time.

"Modi has track record of being a doer. Gujarat is an example and one should go there to see it," Tata, who retired as chairman of Tata Sons two years back, said at an interaction organised by Ladies Study Group of Indian Chamber of Commerce here.

He said that since 1984, there was a paradigm shift in India's democracy with a political party getting single majority, unlike coalition government or a minority government.

But the government machinery had now shifted to "quick acting and growth-oriented (work) rather than government-oriented", Tata said.

"We should given them more time," he said.

Shifting from Singur gave us a high negative cost: Ratan Tata

Chairman Emeritus of Tata Sons Ratan Tata today said shifting the Nano car plant from Singur in West Bengal was a prudent move in hindsight but gave the group a high negative cost.

"In hindsight, it was a prudent decision given the hostile circumstances in Singur. But that move gave us a high negative cost," Tata said at an interaction organised by the Ladies Study Group of Indian Chamber of Commerce.

Tata, who took the decision to shift the Nano plant from Singur in 2008, was the chairman of Tata Sons then and retired two years back.

"When we created the Nano, there was a lot of global excitement that a car could be offered at a price of USD 2,500 and three lakh orders with a waiting period of two years was induced."

"But it took another year because of the shift and there was a general disbelief generated about the car, while competitors got a chance to start bad-mouthing the Nano. By that time, much of the excitement was lost," he said.

Praising Prime Minister Narendra Modi, Tata said he was grateful to him for giving Nano a home at Sanand in Gujarat.

Talking about West Bengal, he said he faced a serious problem (referring to Singur) which was not related to labour.

"We had to take the decision that we cannot operate in the hostile situation and had to move out the car factory to another state.

"You can pull the trigger of the gun or take it away. But the head will not move," he quipped.

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