US pats Buddhadeb over deal with Tatas
Hindustan
Times March 8, 2007
Chief
minister Buddhadeb Bhattacharjee's land acquisition
methods in Singur for Ratan Tata's small-car plant have
found both critics and backers in India. But USA Inc
has only unqualified praise for both men and their visions.
On Wednesday, a high-profile
business delegation with big shots from the US chamber
of commerce and representatives from a cross-section
of American companies said as much, praising the state
government's commitment to transparency in its dealings
and Ratan Tata's leadership qualities and probity. Tata's
decision to invest in Bengal was a sure sign that the
sate was moving in the right direction, the delegates
said. They will meet the CM on Thursday and invite him
to visit the US and take part in a road show to seek
more investments for Bengal.
The controversy over Singur was
part and parcel of doing business in India and could
have happened anywhere in the world, US Chamber of Commerce
president Ron Somers said.
Hailing Tata as honesty personified,
he said, "Mr Tata only does the best job. He won't
be coming here unless it was pukka. We have spoken to
WBIDC regarding their policy on land acquisition. They
seem to conform to a set of rules. West Bengal has a
good reputation on transparency. If you have such a
policy and lay it on top of the table, at the end of
the day it will act as a magnet to attract other investors."
US consul-general in Kolkata
Henry Jardine said that a person of Tata's calibre had
decided to invest in the state only proved that Bengal
was treading the right path to industrialisation. "If
the present pattern continues, I would anticipate greater
US investment and commerce contributing to a rapidly
growing economy of West Bengal."
Asked whether US companies would
work with gram panchayats to formulate rehabilitation
packages for farmers who would be displaced to vacate
land for their ventures, Somers said US companies believed
in leaving behind a legacy and would not stop after
issuing cheques to the displaced. "I think this
government is committed to the people. You have to treat
them the way you would like to be treated. It is heartening
that Mr Legacy (Ratan Tata) has invested here and we
would also like to leave behind a glorious legacy,"
he added.

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