Singur will unleash fear in investors: Murthy

Written by Agencies | Bangalore, August 31: | Updated: Sep 1 2008, 01:43am hrs
Software icon N R Narayana Murthy warned the deadlock in Singur over Tata's Nano plant following agitations will unleash fear and uncertainty" in the minds of all investors and is likely to be a stumbling block in the country's GDP growth.

"What has happened in Singur is unfortunate for West Bengal, for India and for all progressive Indians," the non-executive chairman and chief mentor of the NASDAQ-listed Infosys Technologies Ltd said.

"This event will unleash fear and uncertainty in the minds of all investors -- Indian and foreign -- and is likely to be a stumbling block in the excellent GDP growth India has demonstrated in the last decade," he said in a statement.

Murthy said it is also a setback for the job opportunities for youngsters in West Bengal.

"It is time that all well-intentioned Indians stand up and demand a peaceful, logical and constructive way of settling the issue of farmland in Singur and elsewhere in India," he said.