No alternative to industrialisation: Lord Paul
Residents of this town may not have taken kindly to factories coming up in their backyard, but NRI business tycoon Lord Swraj Paul suggested that industrialisation is key to improving economic prosperity of locals.
By PTI |
SINGUR: Residents of this town may not have taken kindly to factories coming up in their backyard, but NRI business tycoon Lord Swraj Paul suggested that industrialisation is key to improving economic prosperity of locals.
"I do not think that there is any other option, but to industrialise... We will have to industrialise and work for a better world," he said after visiting Tata Motors and Caparo Engineering's plants here.
Singur, he said, was a good beginning for the industrialisation process of West Bengal.
"The car project will be beneficial for the local people as it would generate employment," he said.
Caparo Engineering India, the Indian subsidiary of Caparo Group of UK, is putting up an auto component plant near the main plant of Tata Motors.
Caparo would manufacture the body structure for Tata Motors' Nano, which would roll out from the Singur plant.
Lord Paul said that work at Singur was progressing satisfactorily.
The Caparo plant was expected to start production at the same time when Tata Motors does, which will be sometime in the second half of this calendar year.
Protests had flared up in this town last year against Tata Motors' car factory, with anti-project activists organising demonstrations against land acquisition by the company. Tata Motors' has since completed acquisition of land and construction of the plant in going on as scheduled.
"I do not think that there is any other option, but to industrialise... We will have to industrialise and work for a better world," he said after visiting Tata Motors and Caparo Engineering's plants here.
Singur, he said, was a good beginning for the industrialisation process of West Bengal.
"The car project will be beneficial for the local people as it would generate employment," he said.
Caparo Engineering India, the Indian subsidiary of Caparo Group of UK, is putting up an auto component plant near the main plant of Tata Motors.
Caparo would manufacture the body structure for Tata Motors' Nano, which would roll out from the Singur plant.
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Lord Paul said that work at Singur was progressing satisfactorily.
The Caparo plant was expected to start production at the same time when Tata Motors does, which will be sometime in the second half of this calendar year.
Protests had flared up in this town last year against Tata Motors' car factory, with anti-project activists organising demonstrations against land acquisition by the company. Tata Motors' has since completed acquisition of land and construction of the plant in going on as scheduled.
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