TATA’S PULL OUT OF SINGUR IS INDEED REGRETFUL SAYS MR CHANDRAJIT BANERJEE, DIRECTOR GENERAL, CII

“It is indeed regretful that the Tatas have had to pull out of Singur. CII feels that the Tatas have been very patient and this decision has come as a compulsion after the political dialogues failed to yield a consensus on the issue. The political consensus should have happened and such an iconic project should have come up in the state of West Bengal.
 
CII feels that such occurances need to be avoided in the future, as this only affects the image of the India.
 
Looking at this outcome, CII is of the strong opinion that a full review and consensus needs to be reached on how land acquisitions needs to happen in the future. It should be the onus of the political leadership of the country to ensure and facilitate investments in the country without unnecessary delays being created.”