In an unexpected statement, Reliance industries chairman Mr. Mukesh Ambani backed the Tatas for the Nano production venture at Singur in West Bengal. Mr. Ambani who avoids media and publicity wants national economic growth ahead of politics.
In the Mr. Ambani said: “The Nano project is a unique and innovative initiative which will establish India’s position as a small car hub. Indian industry must be encouraged to make such large investments in order to build the country’s competitiveness as well as support job creation.”
Claiming that a “fear psychosis” is being created to slow down a few projects of national importance, Mr. Ambani said this would be counter-productive for the country’s economic growth, its global image as well as its ability to attract investments from across the world.
“Indian industry and the political leadership in the country need to work together to deliver on the aspirations of the millions of Indians in urban and rural areas,” Mr. Ambani said.
