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HindustanTimes Thu,18 Sep 2014

TATA group explores Punjab for expansion

HT Correspondent , Hindustan Times  Chandigarh, July 18, 2013
First Published: 23:42 IST(18/7/2013) | Last Updated: 23:47 IST(18/7/2013)

If all goes well, Tata Group will come to Punjab to develop the bus rapid transit system (BRTS) in Ludhiana; power infrastructure and civic amenities in many cities; and skills in the information technology sector.

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The chief executive officers (CEOs) of nine leading companies of the group had a marathon meeting on Thursday with deputy chief minister Sukhbir Badal and other members of his cabinet here. "The CEOs proposed massive investment in the state in multiple sectors," a spokesman said.

It is for the first time that the nine Tata CEOs have participated in collective discussion for investment in any state. Tata Motors vice-chairman Ravikant; Tata Power managing director Anil Sardana; Jamshedpur Utilities and Services Company (JUSCO) managing director Ashish Mathur; Tata Sons business development head Madhu Kanan; Tata Realty and Infrastructure Limited (TRIL) managing director Sanjay Ubale; Indian Hotels Company Limited (IHCL) business head Suma Venkatesh; Tata Housing business head Shashi Kumar; Tata Power business head Rahul Shah; Tata Consultancy Services (TCS) business head Tanmoy Chakraborty; TATA Chemicals marketing head DK Sunder, Tata Motors Limited (TML) sales head Vemon Noronha and Tata Housing chief finance officer Govinder Singh sat for the discussion.

Besides Sukhbir, industries minister Anil Joshi, revenue minister Bikram Singh Majithia and finance minister Parminder Singh Dhindsa were at the meeting, representing the state government.
Individual companies shared notes with principal secretaries of the departments concerned. The marathon meetings of sub groups that started at 10am in the Punjab civil secretariat continued up to 2pm. These were followed by the deputy CM's presentation.

Initiating the discussion, Ravikant of Tata Motors said the new chairman of Tata Group, Cyrus Mistry, was impressed by the leadership style of chief minister Parkash Singh Badal and Sukhbir's future vision. "We seemed to be on same wavelength," he said, after Sukhbir's presentation. Inviting Tata group to be partner in the state's progress, Sukhbir said Punjab had its own kind of industrial policy of incentives to the investors based on their efficiency and productivity.

The deputy CM said he had "a multi-crore-rupee plan to be executed in the next two years for the holistic development of 147 cities that offer mega investment opportunities to Tata Group". He said Tata Motors could also work out a BRTS for metropolitan cities of Ludhiana, Jalandhar, Amritsar and Bathinda, and help the state in the solar city project. Tata Power had keen interest in the power transmission and power audit sector.

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