Sat, 18 Jun 2011 09:15:12 GMT

Mamata to meet industry today no invitation for Ratan Tata

Mamata tries to woo the industry, but shuts her doors on Ratan Tata, chairman of the nearly Rs 4-lakh crore Tata Group

Mamata does not invite Tata

It will also be significant for the fulfilment of Banerjee's ambitions to turn "Kolkata into London", a dream that requires significant investment.

The new land policy guidelines, which were announced last week, have drawn flak from the India Inc. According to the new guidelines, the government will not assist industry in acquiring land for private projects.

Earlier, Partha Chatterjee, West Bengal Commerce and Industries Minister, had said that 137 industrialists had confirmed participation for Saturday's event.

Tomorrow's investors' meet will be held at the end of a week that took the Singur episode to the next level with the West Bengal government passing the Singur Rehabilitation and Development Bill in the legislative assembly, taking back the entire land (997 acres) allocated to Tata Motors' Nano project at Singur.

With the Bill, the state government revoked the agreement between Tata Motors and the West Bengal Industrial Development Corporation (WBIDC) without any kind of consultation with the company.

Tata Group spokespersons could not confirm the development. Tata's exclusion from the list of invitees is more pronounced given the fact that invitations have been extended to 200-odd local and national industry stalwarts.

Banerjee and Ratan Tata share a history that dates back to 2006, when she spearheaded the agitation against land acquisition in Singur, which ultimately led to the pullout of the Nano project in October 2008.

This week however, tensions reached a new pinnacle when Tata Motors' expressed its displeasure about the Singur Bill, which faults the company with "non-commissioning" and "abandoning" while carefully excluding the reasons.

"Directors from local Tata Group offices may attend the meet tomorrow, but there is no confirmation from executives from the national team," the official said.

Adversarial sentiments have triumphed over the need for investment in debt-ridden West Bengal.

Source: Business Standard

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