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India Inc happy about Nano's new home

October 08, 2008 13:48 IST

A relieved India Inc, on October 7, said the Tatas moving to Gujarat for its iconic Nano car project will end the phase of negative investment sentiment in the country.

Hailing Gujarat as an investor-friendly state, apex business chambers said that a new atmosphere has emerged with Gujarat Chief Minister Narendra Modi welcoming the Tatas.

"The Nano has found a home at last in Gujarat. We see a new atmosphere where the chief ministers across the political parties have begun to exhibit healthy competition for major investments," FICCI Secretary General Amit Mitra said. He hoped the Nano would come out at the earliest and meet global expectations of a resurgent India.

CII Secretary General Chandrajit Banerjee described Gujarat as "one of the most investor-friendly states with an impeccable record of industrial relations."

Assocham said the Tatas' decision to move to Gujarat puts the Singur controversy behind and makes the Indian industry a relieved lot. "A healthy competition between the states augurs well for the country," Assocham Secretary General D S Rawat said.

The Society of Indian Automobile Manufacturers said the Gujarat deal has reinforced confidence among the industry. "Gujarat is seen as the next global destination for automobile manufacturers," SIAM Director General Dilip Chenoy said. He added the agreement would change the negative sentiment in the industry.



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