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

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