India: Tata Motors threatens pull-out from West Bengal
Date: 23 Aug 2008
Tata Motors has responded to the ongoing violent protests around the site of its proposed new plant in West Bengal by reflecting that it may pull out from the state and relocate its new Nano car elsewhere.
The site has been the focus of controversy since opposition groups accused the communist state government of taking the farmland by force, in order for the Nano factory to be built. The protests have already led to a delay in the launch of the car, which was due to begin being sold by now.
Group chairman said that the company was deeply concerned about the violence and the safety of the company's employees and equipment. He added that, "whatever the cost", the company would relocate if it was not accepted as a good corporate citizen in West Bengal.
The opposition have promised that ongoing protests will continue.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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