SIAM calls for early resolution of dispute in Singur

Bangalore, Aug 29 (UNI) The Society of Indian Automobile Manufacturers (SIAM) today sought an early resolution of the land issue in Singur which had threatened to stall a very important milestone in the Indian automobile history like the Nano car project.

In a statement here, the Society said it was disappointed with the developments in Singur. The investments being made there would result in a product that was a global first and hence global attention was on the developments.

SIAM believes that this was a landmark decision by the company that could and will change the lives of people in the area and also revive industrialization of West Bengal and the eastern region.

It said progress of the investment was such that the factories have been built and therefore it is important to find a solution that does not adversely affect the investments made and most importantly the overall competitiveness and viability of the project.

SIAM appealed to all concerned that a process must be initiated to arrive at a solution that would take forward the project so that production targets were not missed. Such a solution would ensure that investments of over Rs 70,000 crore committed by the industry to be made in the country over the next few years would happen, the statement added.

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