Tata looking for investment opportunity in Bengal, says Mistry

Kolkata, Aug 24 (IANS) Tata Sons’ Chairman Cyrus P. Mistry on Wednesday said the Tata Group is looking for investment opportunity in West Bengal.

“We look for the opportunity to invest in Bengal. When the opportunity does come, we look at that actively,” Mistry said.

Asked about the group’s investment interests in the state by shareholders’ of Tata Global Beverages Ltd (TGBL), he said: “I think the opportunities have to show themselves, and when they do, irrespective of the political environment, we will make the decision to invest.”

Relations between the Tata group and West Bengal’s ruling Trinamool Congress had become unpleasant after Tata Motors abandoned the Nano project at Singur in Hooghly district of Bengal in 2008 following persistent opposition from party supremo Mamata Banerjee on the land acquisition for the project.

Banerjee opposed agricultural land acquisition and asked Tata to return 400 acres, out of 1,000 acres acquired for the project, to the farmers.

The matter is still before the Supreme Court.



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