Tata Motors to inject “tens of millions” of pounds into Jaguar

After my last time posting on Tumblr page about the just new F1 deal .According to the reports, Tata Motors, the owner of Jaguar Land Rover, is to inject “tens of millions” of pounds into the British carmaker. tata-motor-300x202 Tata Motors to inject tens of millions of pounds into Jaguar

This imbursement of cash into the company, by the Indian owner is expected to give more time to the UK government to think and decide whether it should use public money to bail-out the company.Mandelson had cast doubt on a bail-out, saying the state was a “lender of last resort”.

The head of corporate communications for Tata, Debasis Ray did not not deny the report but would not say how much money would be injected.

“It is our company and we are running a business,” he said.

“Discussions with the government, however, are confidential and cannot be revealed. We have to run the company and are doing so to the best of our abilities”, he added.

Singur UPDATE :Tata already quit

Isn't we[ Bengals] self suicidal? http://www.ikolkatalove.in/community.aspxuid/whatanews4u.htm
TO ENSURE food security and development of the society at the same time, we have to utilise the latest scientific inventions and machines. It helps increase food production and grow more crops in a shorter time. The educated youth of the farmer’s family who will become redundant because of mechanisation of farming should acquire the skill sets needed to seek employment through other avenues. And that’s exactly where the role of industry becomes very important because the government cannot provide jobs to each one of them. So, we need industries.
Now consider West Bengal, where high-density population and poor industrialisation has worsened the problem of unemployment. When the Tatas announced that their much-awaited Nano plant would be set up in Singur in West Bengal, experts hoped that the factory manufacturing the world’s cheapest car would provide livelihood to more than 50,000 families. The main unit and 51 ancillary units would provide direct employment to more than 6,000 people and further provide indirect employment to people seven to eight times that number. Though there was a small chunk of nearly 18 per cent of ‘unwilling’ land-losers who didn’t accept solatium for their land, work proceeded at the Singur plant to ensure that the Nano hit the roads by October 2008. In August 2008, when 85 per cent of the project had been completed, the ongoing protest or ‘movement’ took a more violent turn. The so-called ‘peaceful satyagraha’, which had been limited to attacks on the boundary wall and intimidation of innocent Nano workers, was now replaced by threats to lives and brutal physical attack on officers, workers and security guards working on the project.
Interestingly, the untiring crusaders against industry are a unique combination of ultra-left and ultra-right forces led by Mamata Banerjee’s Trinamool Congress (TMC).
The latter is represented only to the extent of 10 per cent in the state assembly; and in the Lok Sabha, only one from the TMC represents West Bengal – the state sends 42 representatives to the Lok Sabha! Even after the government’s recent announcement of an additional solatium of 60 per cent (50+10) and other new carrots (including the restoration of 70 acres of land acquired for the project) to make the compensation package more attractive, protests continue, demanding restoration of 400 acres of land, 300 acres from the project area and 100 acres from outside the project area.
Restoring 300 acres of land from the project area implies aborting the project. Even if restored, the flyash-laden land can no longer be used for cultivation. Yet the protesters insist on their ‘democratic’ demand being met when an overwhelming majority of farmers, youths and people from all walks of life want the project not to be aborted! So, the real issue is not one between the poor farmers and the industry; nor is it an issue of agriculture versus industry. The real issue at Singur is politics and dirty, destructive politics at that. And these politicians can do everything to hinder West Bengal’s development in order to exploit the anti-establishment and negative sentiments.

Tata says violence could force Nano plant to move

Accidentally today I'm in NewDelhi to attain Indian Art Summit 2008 @Pragati-Maidan. But with inputs from Tanmoy Chatterjee of HT Kolkata Bureau- this is an excerpt of Ratan Tata's fear

Tata Motors Ltd said it was prepared to move a plant to make the Nano, billed as the world's cheapest car, from its West Bengal site if violent protests continued, despite having invested $350 million in the project.
Tata Motors has faced protests and political opposition over the acquisition of farmland for the plant in the state, which have led to cost overruns and threaten to delay the car's launch.
"What has concerned us is the violence, the disruptions, that has led us to be concerned about the safety of our employees, our equipment and investment, and of the viability of the process," Chairman Ratan Tata told reporters in Kolkata, on Friday.
Tata said the Nano would be ready to launch in or close to October, but irrespective of the investment made so far, the safety of employees and workers at the site was his main concern.
"If anybody is under the impression that because we have made this very large investment of 1,500 crore rupees ($350 million), that we would not move, then they are wrong, because we would move to protect our people," he said.
"There is a concern about our people, a definite concern about not being wanted."
Industry forums called for a peaceful solution to break the deadlock.
"Any adverse development with regard to the upcoming Tata Motors Nano Plant in Singur, will irreversibly hamper the future in industrialisation in the state of West Bengal," Chandrajit Banerjee, director-general of the Confederation of Indian Industry said in New Delhi.
The Nano project has been billed as a key to the rejuvenation of industries in West Bengal, where the world's longest-serving democratically elected Communist government has changed tack after decades of focus on helping agriculture and poor farmers.
The unveiling in January of the 100,000 rupee snub-nosed Nano was hailed by the state's ruling Communists, but protests have since gathered steam.
Trouble began after the government took over 1,000 acres (400 hectares) of farmland for the factory. The government offered compensation, but some farmers with smaller land holdings have refused compensation, demanding that land be given back to them.
India's second-biggest private conglomerate which has interests ranging from software to steel, is known as much for his philanthropy as for being above the political fray.
"If there is a view, for various political reasons, that we should not be here or that what we are trying to do should be altered ... then we would necessarily face a situation, very reluctantly, where we would have to move," he said.
Shares in Tata Motors, India's leading vehicle maker, closed up 1.8 percent at 425.60 rupees in the Mumbai market that rose 1.1 percent.
NO PLAN B
The Nano has already encouraged other car makers including Renault, Nissan Motor, General Motors, Hyundai Motor to plan to make low-cost cars for India and other emerging markets.
Ratan Tata has said he expects eventual sales of one million units of the Nano in India, with exports also contributing later.
"It would seem that many people have a desire to not see that (launch) happen," he said on Friday.
"It's our desire to see that it takes place," he said, adding there "was no Plan B" for the roll-out of the Nano at this time.
Tata has said the plant at Singur, which was to have an initial capacity of 250,000 units, would be the first, but not the only plant to make the Nano.
The protests reflect a larger stand-off between industry and farmers unwilling to part with land in a country where two-thirds of the 1.1 billion population depends on agriculture.
The West Bengal government had started talks with the Trinamool Congress party, the main political opposition in the state, spearheading the protests.
"Everyone has a right to protest, but in a democratic and peaceful manner. I want them to keep their promise," Buddhadeb Bhattacharjee, West Bengal's chief minister said.
Mamata Banerjee, the opposition party chief, wants 400 acres of farmland returned to the farmers, which the government says is not possible to do.