"We do not want to sit on the land. We will return it if the state government compensates us for the investments made there," Tata told reporters on the sidelines of Tata Tea's AGM here.
Tata Motors had been given around 997 acres of land at Singur by the state government on lease for setting up its 'Nano' car production plant, now shifted to Sanand in Gujarat.
The company had to abandon the project last Oct 2008 after Trinamool Congress organised a prolonged agitation demanding return of 400 acres of the allotted land to farmers.
The company had earlier announced that it had made an investment of around Rs 1,500 crore. Tata said that Tata Motors did not have any plan for Singur at the moment.
"We are ready to cooperate with the state government if it had any plans with the land", he said.