Industry calls for speedy resolution on Singur turmoil

New Delhi, Aug 29 (UNI) Alarmed with the increasing Singur standoff, the major players of industry have appealed for a speedy settlement of the dispute.

The industry captains feel that all waring parties need to set aside their differences and work together towards an amicable solution, otherwise it will lead to the 'Peoples Car' failure to make its road debut in October.

The Confederation of Indian Industry has termed the emerging situation as ''disconcerting'' and said the continued violence and intimidation of the work force will have an adverse impact on India's global image.

''The adverse impact of the continued violence and intimidation of the work force of the Nano plant is not restricted to Singur or West Bengal but will resonate in India's global image'', CII's Tarun Das said.

''The Tatas pulling out of West Bengal will be unfortunate for India. Nano is seen as a world car and has drawn international acclaim. Immediate political dialogue to find a solution towards keeping the project in West Bengal is imperative,'' Chairman&Group CEO, Bharti, Sunil Bharti Mittal said.

Voicing his concern over the issue - Chairman and CEO, Avantha Group Gautam Thapar said, ''India's leading corporate group, Tatas, with its exemplary record in social consciousness and stakeholder care, has been caught up in an unseemingly political pull and push is unfortunate.'' The Nano project has put India's manufacturing capabilities on the world map. A pullout by the Tatas at this stage would be very unfortunate, he added.

The countrys biggest motorcycle manufacturer has also advocated a peaceful resolution of the dispute with Chairman, Hero Corporate Service Sunil Kant Munjal stating that the political parties must rise above partisan lines to ensure continuity and growth in economic activity and also help in creating a peaceful environment.

''For India the 'Nano' is important and must be on the roads on time. The world deserves it and India deserves no less'' said Chairman and Managing Director, Godrej and Boyce Manufacturing Co Ltd , Jamshyd N Godrej.

The TATA's cause recieved yet another support from West Bengal-based Hindustan Motors with company's Chairman, CK Birla stating, ''it would be unfortunate if issues other than economic and social come into play and force the Tata Management to consider pulling out from Singur.'' The Tatas have bench marked Corporate Social Responsibility in India and they will be extending those norms in Singur as well, he added.

These reactions came after, Chairman, RIL, Mukesh Ambani said a ''fear psychosis is being created to slow down certain projects of national importance'' and said industry should be encouraged to make such large investments.

The TATA's have invested Rs 1,500 crore to establish manufacturing facility at Singur to roll out the cheapest car in the world the 'Nano' or the 'Lakhtakiya Car' as popularly known among the masses whose production has been badly hit due to the ongoing agitation.

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