Chattisgarh CM draws attention of Tata Motors to explore investment opportunities in the state

Tuesday 11 December 2012, 10:35 AM by

The local government of Chattisgarh has invited the country's largest automobile manufacturer, Tata Motors for exploring possible investment opportunities in the state. The appeal came through Raman Singh, Chief Minister (CM) of Chattisgarh, on December 8, 2012 in Kolkata. The CM affirmed that his state's land is rich in raw materials and offers efficient infrastructure, which could be exploited to good use if Tata Motors installs a unit there.

Evidently, Singh invited Ravi Kant, Vice Chairman (VC), Non Executive, Tata Motors, to explore investment possibilities in Chattisgarh state. Further, CM and Kant had a lunch meeting at the Pan IIT event, which is a global conference participated by IIT alumni and was arranged in Kolkata.

According to CM Raman Singh, immense investment possibilities could be explored in the automobile sector on Chattisgarh soil, in the near future. Commenting on the issue Singh told few reporters on the sidelines, “Yes we have made a special request to the Tatas to come, see and explore opportunities for investment in the State (of Chattisgarh).” On being enquired about if he wanted Tata Motors to start automotive operations in the state, Singh answered in an affirmative tone, “Of course, I have asked them (Tata Motors) to come and see what they can do in the State.”

The Chattisgarh CM underlined the idea that his state is an enticing proposition and a viable investment destination, besides USP is its having a rich cache of minerals and raw materials. Singh assured top industry players and investors that National Mineral Development Corporation (NMDC) has some concrete plans to install a manufacturing unit in Bastar, Chattisgarh. The upcoming facility will be built at a projected investment of around Rs. 10,000 crore. The annual yield is estimated to be close to 2 million tonnes and the plant could commence operations by 2014.

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