West Bengal

It was probably the last straw for Tata Motors when two of their security guards were beaten up by a mob .What was worse is that this happened in the night despite heavy police presence early on Tuesday. Both guards sustained severe injuries and are now recuperating. Less than 24 hours after this incident the crew at the Tata factory in Singur have been told to slowly start moving out all their manufacturing equipment and relocate.Though no formal announcement has been made that the Tatas have finally decided to walk out of West Bengal with their Nano, it is quite safe to assume the same.

With a share rights issue expected to hit the market next month, this development will undoubtedly cause confusion in investors’ minds, unclear about the future.

Earlier today, the Chairman of the Tata Group made a very strong statement in a press conference: “We perceive that we may not be wanted……if people think that we will not move out of Singur, they’re wrong. We would, whatever be the cost.”

In Tata Motors’ long term interests Singur has become a flash point and a hot bed for political activity. The average Indian will however be synonymous with Singur as the chief production facility of the World’s cheapest car. The much talked about 1 lakh people’s car or the Nano.

This statement is the first clear indication by Ratan Tata that he isn’t interested in dealing with the violent politics of Singur. Ratan Tata is not the type of man who uses the media to play around which means that today’s statement is a forecast of what WILL happen unless things change at ground zero in Singur.

By Dhruva Jyoti Chowdhury

Kolkata, India: Land is a life long asset to the poor rural people an immovable asset that never undergoes depreciation. The plan of the government to withdraw intervention from this process of land acquisition may bring even worse affect for the society.