Saturday, December 15, 2007

Vendors’ investment goes up in Singur

Statesman News Service
KOLKATA, Dec. 13: In a bid to project that Singur and Nandigram incidents apparently did not have much impact on investment, the state government today claimed that the quantum of investment by vendors of the Tata small car factory in Singur has taken a giant leap, increasing by nearly four times.
While on 9 March, after signing the agreement with the Tata Motors Limited, the state commerce and industry secretary had pegged investment by the vendors in Singur at Rs 500 crore, the minister of the department, Mr Nirupam Sen today claimed that the vendors would invest nearly Rs 2,200 crore.
Mr Sen today held a meeting with 35 of the 55 companies manufacturing auto components and setting up their unit at Singur. “The vendors would invest Rs 2,200 which is over and above the investment of Rs 1,500 crore in the mother plant,” said Mr Nirupam Sen.
Among the 55 vendors, 15 have already started construction while another 13 have applied for land for setting up the unit. The minister also said that initially, the vendors would employ 2,750 people which would increase to 4,000 once the project is completed. The project affected people would be trained to be employed as skilled labour in the project.

Land for Telcon

The state government today handed over 250 acres of land acquired in Kharagpur to Telcon, a joint venture between Tata Motors and Hitachi, for setting up of a heavy earth moving manufacturing unit at a price of Rs 9 lakh per acre. The investment will be around Rs 600 acres for the mother plant and another 500 acres by the vendors, said the minister.