September 5, 2008

Infosys Chief Narayana Murthy speaks out for Tata Nano

THE CORPORATE honchos of India, the men who have written some of the greatest success stories in India are all coming forward in a combined effort to express their solidarity opposed to what is happening at Singur at the Tata Nano plant. Narayana Murthy on Sunday (August 31) went on to say that the gridlock at Singur over Tata’s Nano plant is likely to be a major hurdle in the growth of the Indian economy. Murthy went on to add, What has happened in Singur is unfortunate for West Bengal, for India and for all progressive Indians.” Murthy has always been known to speak his mind over social and economic issues.
Earlier, during the anti reservation stirs all over the country, he had come out in defense of the anti reservation activists by saying, “India is perhaps the only country in the world where people fight to be called backward.” At this instance too, he has come out in support of the Tatas, for he feels that it will be a great blot to India’s growth if the Tata Nano project at Singur is halted.He also believed that this event would result in a dearth of jobs for youngsters in the state of West Bengal and it will deter growth in the state. He also said, “This event will unleash fear and uncertainty in the minds of all investors – Indian and foreign – and is likely to be a stumbling block in the excellent GDP growth India has demonstrated in the last decade. “It is time that all well-intentioned Indians stand up and demand a peaceful, logical and constructive way of settling the issue of farmland at Singur and elsewhere in India.” Murthy’s statement comes just a few days after Mukesh, chairman and managing director of Reliance Industries Limited said, “A fear-psychosis is being created to slowdown certain projects of national importance”.

Mukesh also believed that such steps will deter the economic growth of the country and will also deter foreign investors from coming and investing in India. He had also gone on to praise the Tata Nano projects citing it as one of the most innovative projects in the world and one that would go on to establish the position of India as a small car hub in the world market. In the entire process, the biggest loser is sure to be the state and the people of West Bengal. (Agencies)
02 September 2008, Tuesday

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