Tatas deny charges of failing to create jobs

Tatas deny charges of failing to create jobs

The company also said it would take appropriate steps after studying the Singur Land Rehabilitation and Development Bill, 2011 passed by the West Bengal government today.
The bill scraps land deal with the company and seeks to return 400 acres acquired by the company from “unwilling” farmers, an election pledge of state Chief Minister Mamata Banerjee.

“The company had invested nearly Rs 1,800 crore in establishing the plant. All the equipment had been installed in the plant and trial production had begun. The company still has buildings, sheds and infrastructure on the plot on which it has invested about Rs 440 crore,” Tata Motors said in a statement.

Besides, 13 vendors had constructed plant buildings, while 17 others were at various stages of constructions, and the vendors had invested about Rs 171 crore, it added.

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