Tatas? Rs 350 cr for UP
TATA MOTORS will invest about Rs 350 crore in Uttar Pradesh, creating direct and indirect employment opportunities for 5,000 people. The company?s managing director Ravi Kant made the announcement after a six-member delegation led by him met Chief Minister Mulayam Singh Yadav here on Wednesday. Ravi Kant also said the Tata Group would introduce its indigenous Rs 1-lakh car by 2008.india Updated: May 25, 2006 01:15 IST
To generate job for 5000 people
TATA MOTORS will invest about Rs 350 crore in Uttar Pradesh, creating direct and indirect employment opportunities for 5,000 people.
The company’s managing director Ravi Kant made the announcement after a six-member delegation led by him met Chief Minister Mulayam Singh Yadav here on Wednesday.
Ravi Kant also said the Tata Group would introduce its indigenous Rs 1-lakh car by 2008.
The meeting took place at the CM’s 5-Kalidas Marg residence.
The investment will be part of the expansion of the company’s activities in the automobile industry.
The chief minister termed the Tata Motors plan a major achievement for his government. He said he preferred encouraging domestic industrialists to foreign companies. But, he added, if foreign companies consulted their Indian counterparts before setting up their units here, then they would also be encouraged.
Interacting with the media in the presence of Yadav, Ravi Kant said Indian and foreign industrialists should come to UP and set up their units here to tap the potential for fast growth. Tata Group would like to use the resources available in UP for developing low- cost passenger and freight vehicles, he stated.
Other industrialists would also come to UP to take advantage of the pro-industry policies, he hoped. The Tata Motors MD appreciated the decisions of the State Government and praised the attitude of officers as well.
Earlier, the Chief Minister said the Tata Group had a unique work culture.
Appreciating the chemical plant set up at Babraia, the CM said the pace of setting up a power generation plant Chaula (Bulandshahr), should be accelerated.
He hoped sturdy and fuel-efficient vehicles produced by Tata Motors would meet the requirements of the rural markets.
The ancillary units to be set up along with the Tata unit would also be provided land and other facilities, he added.
Yadav reiterated he would root out corruption, take austerity measures and make efforts to create better work culture, so that industrialists were encouraged to come to UP.
He also said the liberal policies of the Uttar Pradesh Development Council would encourage other industrialists.
He pointed out that World Bank country Director Michael Carter had appreciated the State’s development.
The government had worked for the welfare of farmers, traders, teachers and other sections, he said, adding the State had made progress in the field of education. The CM said the Centre had provided a special package to Uttaranchal. Though the UP Government was not given any such package, the State was forging ahead on the path of development, using its own resources.
He said that the State had come out of the revenue deficit for the first time owing to its prudent policies.
The law and order situation in the State was better than before and efforts were on to improve it further, he added. He said the overall conditions in UP were better than in any other State and were conducive for industrial development.
He invited the CM to visit Tata Motors unit at Pune (Maharashtra).
Chief Secretary Naveen Chandra Bajpai, IDC Atul Kumar Gupta, PICUP managing director Deepak Singhal, principal secretary to CM Anil Kumar along with other officers of the CM’s Secretariat and the Industry Department. Members of the Tata Motors KP Arya, PM Telag, KC Girotra, RS Thakur and MA Khan were present on the occasion.