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Tatas to pump in more money for
Singur
Rs 2000 crore to be pumped into
Tata Motors' Singur small car project.
TATA NANO
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BY OUR AUTO CORRESPONDENT
March 13, 2007: The protests
notwithstanding, Tata Motors has more
than doubled its investment plans for
the small car project in Singur in
West Bengal. According to a report,
the Tatas will pump in more than Rs
1,500 crore for the mother plant on
645 acres for which a 90-year lease
agreement was signed with the state
government the other day.
Adding to this investment would be the
vendors who will pump in Rs 500 crore
more in the project, the report said.
The new development is significant in
the fact that Tata Motors had earlier
said that the total project cost for
the plant with an initial capacity of
2.5 lakh units, would be Rs 700 crore.
The project cost is said to have gone
up because of the increase in the
planned capacity of production.
Come March 2008, and the dream small
car from the Tata stables is expected
roll out from the Singur plant. With
the Tatas going all out to make the
dream car a reality, the West Bengal
government is also doing al what needs
to be done to aid the project.
According to reports, the State
Electricity Board will set up a 220 KV
sub station on the area of the mother
plant on 14.5 acres of land while the
West Bengal Industrial Development
Corporation will build the requisite
infrastructure on 47 acres, said the
report.
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