Tatas not to pull out of Singur deal

Tata Motors on Thursday clarified that it has no intention to back out of the Singur deal where it plans to set up a plant to manufacture the Rs100,000 car.

After Ratan Tata flew to Kolkata to meet Chief Minister Buddhadev Bhattacharya on Monday evening, there were rumours that the Tatas faced with fierce opposition from the Trinamool party and a section of Bengal intelligentsia, were mulling options to relocate the plant to some other state.

In a media briefing held late Monday evening, where Bhattacharya was also present, Ratan Tata, chairman of the Tata Group said that talks of pulling out were nothing but mere rumours, adding that the Tata project was well on steam and work on it will start on schedule.