Rediff India Abroad
 Rediff India Abroad Home  |  All the sections

Search:



The Web

India Abroad




Newsletters
Sign up today!

Get news updates:
  
Mobile Downloads
Text 67333


Home > India > Business > PTI > Report

   Discuss   |      Email   |      Print   |   Get latest news on your desktop

Singur stalemate can hurt Bengal investments: Kamath

August 26, 2008 17:54 IST

Related Articles
Buddha refuses to return 400 acres to farmers
Mamata apathetic to 11,000 farmers: Minister
'Bengal govt should hold unconditional talks'
Singur farmers don't want Tatas to leave

The industrial climate is 'getting difficult' in West Bengal where the government needs to address the Singur issue if the state wants to remain an investment destination, CII President K V Kamath said on Tuesday.

After attending an industry leaders' meeting with Finance Minister P Chidambaram, Kamath said before going into any state, an industry undertakes due diligence on the environment in the state.

However, the environment in West Bengal 'is getting difficult,' he said, adding it would 'certainly bring difficulties in the minds of the industry' scouting for new locations.

"This is something that needs to be addressed if the state continues to be magnet for industry," Kamath said.

He said the Singur issue did not figure in the discussion with Chidambaram because, "our view is that this is something that is best handled at the state level at this point of time".

He hoped the industry group (the Tatas) and the state would work on resolving the issue.

Last week, Ratan Tata had threatened to take the Nano project elsewhere if the protests did not end. Trinamool Congress cadres led by its chief Mamata Banerjee have laid a siege to the Tata Motors [Get Quote] factory in Singur demanding return of 400 acres of land to farmers.

"In any location if industry finds that it is not able to execute the project or commission the project, I think it is a matter of concern and I am sure the concerned industrial group and the state government will find a solution which is amicable," Kamath said.



© Copyright 2008 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

   Email   |      Print   |   Get latest news on your desktop



Advertisement
Advertisement