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Orphaned' Nano finds 'new home' in Gujarat

Arindam Sen Gupta & Bharat Desai | TNN              8 Oct 2008

View :Tata Nano Special Coverage

Orphaned' Nano finds 'new home' in Gujarat

Nano -‘‘ an orphan without a home’’ , as Tata chief Ratan Tata called it -has finally found its home 25 km from here, at Sanand. The capacity of the new plant is expected to be bigger than that of the Singur plant and the Tatas have set an extremely tight timeframe of around 12 months to commission it. While the Tatas’ decision to move from Singur to Sanand was formally announced at a joint news conference by Gujarat chief minister Narendra Modi and Tata in Gandhinagar on Tuesday, Tata told The Times of India in an exclusive interview that he was extremely impressed with Modi’s seriousness of intent and the speed with which his government moved to seal the deal. Tata Motors MD Ravi Kant said it took Gujarat just 10 days to tie up all loose ends and offer a final deal. Tata said they decided to take up the offer late last evening, and he was here the next day to formally sign an MoU.

Nano In Sanand

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General Motors Spark

Will roll out from erstwhile Anand Agriculture University cattle farm Mother plant will come up over 1,100-acre land at Sanand Will roll out 2.5 lakh cars per annum to begin with Capacity can be ramped up to 5 lakh cars per annum 60 vendors will set up shop at vendor park 10,000 people will be directly and indirectly employed by project Scheduled to go onstream in 1 year

Deal Clinchers

Land sold to Tatas at Rs 1100/sq metres on staggered payment basis Deferred payment of VAT over 5-7 years Infrastructure worth Rs 100 crore including roads, power, drainage, water, effluent treatment plant to be developed by GIDC

 
 

User's Comments
  • fdsfdsd (25 March 2009 19:01)
    It is a win win business deal both for Modi and Gujrat state that Tata Nano will produce huge volumes creating more employment in Gujrat. | Reply
  • ricky (26 February 2009 19:09)
    It is a win win business deal both for Modi and Gujrat state that Tata Nano will produce huge volumes creating more employment in Gujrat. | Reply
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