Tata funding for AAP to be based on election performance

Mar 22 2014, 05:19 IST
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SummaryThe Tata Group will fund new political entrant Aam Aadmi Party (AAP) based only on its performance in the upcoming general elections and not before.

The Tata Group will fund new political entrant Aam Aadmi Party (AAP) based only on its performance in the upcoming general elections and not before. The group provides funding to political parties through its Tata Electoral Trust based on their performance in both the outgoing and incoming Parliament.

ďThe question is being raised about new political parties. Clearly, they have no representation in the outgoing Parliament but they may have a representation in the incoming Parliament. If they do well in their representation, they will automatically receive funds,Ē Tata Sons Group executive council member and brand custodian Mukund Rajan told PTI.

He said: "If they perform well in the election, they will receive a cheque after the election.Ē

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