West Bengal Seeks Tata Settlement Over Rs 765.78 Crore Singur Dispute

The Story in Brief

The West Bengal government has opened talks with the Tata Group to settle an Rs 765.78 crore compensation dispute linked to the abandoned Nano project at Singur. Industry minister Tapas Roy said state officials met Tata representatives in Mumbai and discussed bringing new industries to Bengal. The state is considering an out-of-court settlement.

Tata Motors left Singur in October 2008 after a two-year agitation led by then Opposition leader Mamata Banerjee over land acquisition. An arbitration tribunal ordered the West Bengal Industrial Development Corporation to pay Rs 765.78 crore with 11% annual interest. The Supreme Court rejected the state’s challenge, while the Calcutta High Court declined an unconditional stay.

The Indian Opinion

The lazy claim that Singur alone proves Bengal is hostile to industry ignores the land dispute and the project’s shift to Gujarat. The opposite claim, that a settlement can erase the costs of the 2008 exit, is just as weak. Taxpayers need a public account of the final amount, interest and any new investment promised. Will the deal reduce the liability without trading away transparency?

Source: hindustantimes.com

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