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You are stupid if you don’t invest in Gujarat: Ratan Tata

tata-sons-759Mr. Ratan Tata, who was speaking at the 8th annual Vibrant Gujarat investment summit, had made these comments while addressing the crowd. Mr. Tata has called himself a Gujarati and has said that people abroad talk about India and Gujarat in the same breath. He heaped praise on PM Modi for making Gujarat a major car a manufacturing hub of India and Asia. He said that he had earlier mentioned that if someone is in business and not in Gujarat, he would be a stupid person. He said that he would repeat it again and say that such a person would be stupid indeed.

He said that any person should invest in Gujarat as Gujarat was the fastest growing state in India and has gotten its glory because of the vision and the execution of Prime Minister Narendra Modi, who has led the state from 2001 to 2014.

Tata Motors was forced to shift its plant for the Tata Nano from Singur in Paschim Banga to Sanand in Gujarat due to the opposition it faced from Mamata Bannerjee. This was in the year 2008, and by 2010, the Nano plant was producing Nano cars and by December 2015, the plant was also manufacturing non-Nano cars.

Mr. Tata has been recently facing a tough time due to his corporate battle with Cyrus Mistry. Mr. Mistry, who was appointed as the Chairman of the Tata Sons groups and of other Tata Companies, was removed from his post abruptly and has been accused of unethical practices that resulted in a lot of financial and losses and a loss of faith for the Tata group.

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