Friday, March 11, 2011

Tatas may renew Singur lease for another year Udit Prasanna Mukherji, TNN | Mar 11, 2011, 05.01am IST

KOLKATA: The CPM may rake up the Nano exit from the state to corner Mamata Banerjee during the election campaign, but Tata Motors, which drove into a storm of protests in Singur and was eventually forced to leave, may be driving away from the past.

According to an official of a top Nano ancillary unit, the automobile major is "ready" to renew the land lease in Singur for another year. While Tata Motors wasn't willing to comment, the land lease, if renewed, will mean it will have to negotiate with a new government.

"The decision has already been taken to renew the lease. We will now formally issue the cheque to West Bengal Industrial Development Corporation (WBIDC). This decision has been taken after discussion with Tata Motors," a top official of a Delhi-based ancillary supplying body components for the Nano told TOI on Thursday.

An official of a Pune-based automobile engineering component manufacturer that had come with the Tatas to Singur indicated it would take a final call once the new regime was in place. "We can negotiate with the new government about compensation. Some units have also prepared alternative projects that too can be discussed," the official said.

WBIDC managing director Subrata Gupta wasn't available for comment. However, sources in WBIDC said some ancillary units have already paid for lease renewal.

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Ref site-http://timesofindia.indiatimes.com/india/Tatas-may-renew-Singur-lease-for-another-year/articleshow/7676595.cms

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