T
ata Group chairman Ratan Tata says the failed Nano plant at Singur cost him about 500 crore rupees, but he's willing to return the land if the government compensates Tata Motors.
Tata is in Kolkata where he has sought an appointment with West Bengal Chief Minister Buddhadeb Bhattacharya and state Commerce and Industry Minister Nirupam Sen to discuss the Singur issue.
"I have sought an appointment for a courtesy call with two leaders I have great respect for," he said.
Tata said he had no plans to invest in Singur, but was open to any plan from the government. "We have no plans for Singur but will cooperate with the government if they have a plan that makes sense to the government and us. We do not wish to sit on the land."
"West Bengal remains in our heart. One incident or one year does not matter in the life of a corporation," he said.
At Tata Motors' annual general meeting in Mumbai recently, Tata had said that he could return to Singur if the situation improved.
Today's declaration puts to rest recent speculation about the possibility of Tata reviving the project in future.
However, when reminded of Mamata Banerjee's demand to return the Singur land, he retorted, "but it is not her land".
It may be recalled that Tata Motors exited Singur last October after a fierce agitation by Mamata Banerjee over compensation for farmers. The company relocated the Nano project to Sanand in Gujarat. But it had already invested around Rs 1500 crore in the plant.
The overall investment was Rs 1700 crore. Much of it has been recovered. The 'sunk' cost is estimated to be about Rs 500 crore.
ata Group chairman Ratan Tata says the failed Nano plant at Singur cost him about 500 crore rupees, but he's willing to return the land if the government compensates Tata Motors.
Tata is in Kolkata where he has sought an appointment with West Bengal Chief Minister Buddhadeb Bhattacharya and state Commerce and Industry Minister Nirupam Sen to discuss the Singur issue.
"I have sought an appointment for a courtesy call with two leaders I have great respect for," he said.
Tata said he had no plans to invest in Singur, but was open to any plan from the government. "We have no plans for Singur but will cooperate with the government if they have a plan that makes sense to the government and us. We do not wish to sit on the land."
"West Bengal remains in our heart. One incident or one year does not matter in the life of a corporation," he said.
At Tata Motors' annual general meeting in Mumbai recently, Tata had said that he could return to Singur if the situation improved.
Today's declaration puts to rest recent speculation about the possibility of Tata reviving the project in future.
However, when reminded of Mamata Banerjee's demand to return the Singur land, he retorted, "but it is not her land".
It may be recalled that Tata Motors exited Singur last October after a fierce agitation by Mamata Banerjee over compensation for farmers. The company relocated the Nano project to Sanand in Gujarat. But it had already invested around Rs 1500 crore in the plant.
The overall investment was Rs 1700 crore. Much of it has been recovered. The 'sunk' cost is estimated to be about Rs 500 crore.
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