Gujrat Bags Nano project

Finally after a much a-do about the nano project in singur, Gujarat Chief Minister Narendra Modi scored a major victory, as Tata Motors shifted their dream Nano Car project to Gujarat. It was announced in a joint press conference held by Tata Motors Chairman Ratan Tata and Gujarat CM Narendra Modi. Modi termed the day as historic for Gujarat and people of India, as Nano finally got a place it deserved.

Ratan Tata expressed satisfaction over the deal and said it was as good or slighly better that what they got in Singur. "We are happy to set up the Nano plant in Gujarat. All Singur costs will be retrieved, no big loss on book", said Ratan Tata. The Nano plant will be set up at Sanand near Ahmedabad. The Gujarat government has already handed over 1,100 acres of land to Tatas for the Nano plant. According to Ratan Tata, the plant will have a capacity of 2.5 - 3.5 lakh Nano cars per year in the first phase. "It is a special day for us, as we had a bitter experience in West Bengal", said Ratan Tata.

According to Narendra Modi, Tatas will buy the land at the current market value. "We have opened a new chapter in partnership with Tatas", said a victorious Modi. The industry has expressed huge relief over the deal signed between Tatas and Gujarat. Narendra Modi, who has already taken Gujarat to the zenith of its growth and development, has been hailed as a industry-friendly Chief Minister.