Automobile News: Tata Motors Limited has finally won the Singur Manufacturing Unit dispute. According to the filing, the Arbitral Tribunal found in favour of the firm in the Singur Manufacturing Unit dispute. According to this, West Bengal Industrial Development Corporation (WBIDC) would have to pay Tata Mortus Rs 766 crore in compensation for the damage suffered at Tata Nano’s Singur production location.
Ratan Tata created a revolution in 2006 while working on his dream project, the cheapest automobile in the country, Nano. Ratan Tata met with then-Chief Minister Buddhadeb Bhattacharjee to discuss this, and a factory at Singur, West Bengal, was announced. Tata Motors invested more than Rs 1,000 crore in Singur and began the process of obtaining the 1,000 acres of land necessary for the project. However, Mamata Banerjee challenged the decision, claiming that the project was forcibly removing farmers' lands. Following this, her Trinamool Congress caused quite a stir in the West Bengal Assembly. In the middle of all the controversy, Tata Motors relocated its production unit in 2008. In the middle of all the controversy, Tata Motors relocated its production unit from Singur in West Bengal to Sanand in Gujarat in 2008 owing to a land issue.
Nifty Next 50: What is Junior Nifty? Is it Different From Nifty 50? Everything You ...
Business News: Diesel Demand Falls as EV Gains Momentum in India ...
Business News: Gensol Engineering Under SEBI Probe Over Misuse of Rs 262 Crore EV Loan ...
Mehul Choksi Arrested: Fugitive Diamond Merchant Held in Belgium Over PNB Loan Fraud ...