Ratan Tata, Chairman of Tata Group, formally announced today that the company will shift its Nano plant near Ahmedabad in Gujarat. With numerous states vying for one of the most coveted industrial projects in the world, Gujarat was formally announced to be the new home for world’s cheapest car.
Ratan Tata was personally present at the press conference along with Gujarat Chief Minister, Narendra Modi. He had earlier announced that Tata Motors will be pulling Nano project from West Bengal owing to the ongoing protests from the farmers led by Opposition party, Trinamool Congress. It had stopped its operations at its Singur plant in West Bengal due to growing violent protests.
Gujarat is one of India’s most industrialised states and Karnataka and Andhra Pradesh were in close queue as available options. "There was curiosity all over India and this is the occasion -- Ratan Tata is with us in Gujarat," Modi told a press conference. "Tata and Gujarat can make a new chapter together with this partnership, which will give a fresh boost to the state's development."
Ratan Tata described the deal to be extremely attractive and stated, "This is an extremely momentous day and a very happy day for us,” he said. “We have been through a rather sad experience. We now have a new home. The Nano project was conceived as something that would provide affordable transport to a vast number of Indian families. I want the plant built in the shortest period of time.” There has been no official date announced for the first Nano car.
