Ad Here  
Shriram Life clocks more than Rs.1000 crore premium in 2015-16 Daimler’s truck exports from Chennai cross 5000 units AL secures orders for 3600 buses Sundram Fasteners rejigs international Last stages Toyota and Suzuki to introduce EVs in India by 2020 Sivasankaran enters taxi space to take on Uber and Ola AL wins Deming prize again Record two-wheeler sales Daimler grows sales and share in India Forging industry worried over lower supply of steel and its price Yamaha unveils scooter boutique Mercedes-Benz sales continue to zoom The unexpected exit L&T profit up by 11 per cent Hyundai to focus on SUVs and AMT variants IOB on turnaround path Tata Motors bets on new launches TN government keen on revival of operations at Nokia complex LVB posts 31 per cent growth in Q1 net profit Housing demand revival Kone India eyes further growth in elevator market Smooth sailing of SAIL It takes two to tango Smartphone onslaught by Chinese brands Tata Motors charts investments in PV and CV businesses Tata Motors joins compact SUV bandwagon with Nexon Eyes strong growth in 2016-17 PPP model for infrastructure development Ode to Ratan Tata Tata gets 4-star rating for Zest Hyundai India achieves 7 mn production at Chennai factory Carnival Films acquiring 3000 screens pan India TVS Srichakra plans capacity expansion 29 per cent jump in TCS revenues E.I.D Parry (India) Ltd: another sweet year Land wars The gainers and the losers A welcome initiative-even critics are recognised L&T bags the Mumbai Trans-harbour link order Hindalco – re-rating Solar installations exceed 2015 capacity in five months L & T set bigger ambitions in defence business From the toughest to the best year CAPITAL NOTES Vellayan is back, after 150 days RoC in the dock... Preparing for the next growth curve M & M unveils driverless technology for tractors Ponni Sugars (Erode) Ltd: not so sweet 2012-13 Rane targets Rs.5500 crore topline by 2018-19 When small is not so beautiful… He excels in the nuts and bolts of entrepreneurship A niche in FMCG business... Emami – a new growth mantra V-Guard launches app-enabled water heater system Aurobindo Pharmacy: good turnaround Gamesa to set up a plant in Nellore Tata Motors aims to be among the Top 3 global CV & PV firm New India Assurance posts impressive show ITC – steep excise hike Titan Company – sales recovery to kick in Back in growth mode Michelin to double Chennai capacity Tata Steel, ThyssenKrupp sign MoU to merge European units TVS Automobile invests Rs.75 crore in start-up firms AL introduces Guru & Partner Right to privacy – now it’s fundamental! Chinese smart phones flourish in small towns too! Wabco launches safety system L & T’s floating dock for navy Welcome focus to improve rural India... PSU non-life firms seek to protect share HPCL plans Rs.61,000 crore capex over 5-years Maruti – for young buyers Singur minus Nano – victory or folly? Is this a generation gap? Increasing market share TI Cycles plans retail expansion to drive sales for premium bicycles Consolidating leadership position in smartphones Nissan exit shouldn’t affect ALL Dish TV – subscriber additions encouraging Bajaj Finserv – Q1: fare well ITC chairman calls for policy impetus to transform agriculture Are they really independent?
Singur minus Nano – victory or folly?

Mamata Banerjee celebrated the Supreme Court judgment directing the return of the land acquired for Tata’s Nano project. The decade since 2006 when she launched the agitation has been profitable for Mamata and her TMC. It helped her end the long rule by the leftists, rule from Delhi as a Union Minister and later from West Bengal as the state’s Chief Minister.

Singur proved to be the last straw that broke the camel’s back and ended 34 years of Left rule.

A decade later, there is not much cause for euphoria for those who parted with the land. To put this in perspective, 400 acres of land were acquired from 2200 farmers. An estimated 6000 families were affected.

Agriculture has not been a highly remunerative occupation except for large-sized farms that employ science, technology and management. The small pieces of land acquired from individual farmers are unviable. Now, after having kept away from the farm for ten long years, cultivation is difficult. With low levels of productivity, agriculture has lost its viability.

World over, there has been an inexorable shift of employment from agriculture to industry and services. In the US, for instance, less than 2 per cent of the population is directly employed in farming. In India too, direct employment offered by agriculture covers around half of what it did a hundred years ago.

Tamil Nadu has witnessed a more rapid shift from agriculture. With the rapid migration to cities, most villages are bereft of male labour.

The spectacular transformation of Sriperumbudur should explain the benefits of such a shift. Hyundai Motors produces around 600,000 cars a year. Of these, a third is exported. Over 140 ancillary units have been set up around this mother plant, providing employment to thousands. There is a flourishing services sector engaged in transporting components. Hundreds of small businesses meet the varied requirements of the employees at these factories.

The Tata Motors plant at Singur would have provided such opportunities around Singur and improved their standards of living. In killing that project, TMC has caused irreparable damage to the livelihood of thousands in and around Singur.

The anti- Nano leaders should have paused to look at the benefits showered by the Tata Steel on the few hundreds that surrendered their land for setting up the Kalinganagar Steel Plant in Odisha. The displaced persons were re-settled with plots and house building assistance. The colonies have motorable roads, electricity, clean water, sewage system, community halls and recreational facilities. The children of the displaced were provided access to quality primary education and their higher education was fully funded by the Tatas. Health care is provided with a multi-specialty hospital. Assistance is also provided for encouraging sports, agriculture productivity and a host of other socially- ameliorative services.

A story of missed opportunities for Singur.

Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236