Letter by Tatas hints they want to invest more in West Bengal

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Pakhi Hussain

19 May, 2011

After the fiasco of Singur, when the Tatas were forced to leave, it was never thought that they would return to the state and that the state would see any industrialisation. However, fortunately,..

THE END of the fiasco in 2008, between Ratan Tata and Mamata Banerjee was heralded by a letter and the start of a new association was also brought in by written word. It is true that the Tatas are planning to return to the original birthplace of Nano as they have hinted in their letter to the new Cheif Minister Mamata Baneerjee of West Bengal.

In the letter it has been said that they, i.e., the Tata’s would want to invest more in the state. The tone of the letter was in acute contrast to what they wrote about Mamata being the “bad M” in their 2008 open letter, addressed to youth of Bengal.

This time the Tata’s want to go into the hotel business in West Bengal. Pertaining to the same, they have two hotel projects in the pipeline for the next two years. One of the hotels is already under construction on EM Bypass. This is a five-star, business-class hotel under the banner of Gateway Hotel.

The Gateway Hotels are a project, whereby, Indian Hotels have joined hands with the city-based Jalan International Hotels (JIH). The Jalan International Hotels (JIH) would fund the project and the Taj group would manage the hotels. The second hotel by the Tata’s, which is under construction, is known as Ginger hotel to be constructed near the Tata Medical Centre in Rajarhat New Town. This hotel is still in the concept building stage, however, it looks like the Trimool Congress also wants the Tatas to come in and industrialise the state.

Talking about the same, Amit Mitra, newly elected MLA said that the Tatas never left Bengal, and that they are free to do business. Adding further to the same, he said, “Tatas will undoubtedly come...Mamata Banerjee did not drive them out.”
Mitra, who is likely to be the next finance minister for the debt-ridden state, said that business does not see sentiments but looks only for investment. He also said, “With 58,000 factories closed, there has been a flight of capital from West Bengal which has a debt of Rs. two lakh crore.” Thus, the debt-ridden state is looking for some relief from the investment of the Tatas.