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BW in the News in India

Posted by: David Rocks on October 5, 2008

I flew into Delhi on Saturday evening, and our correspondent here, Mehul, handed me a copy of that day’s Hindustan Times. I glanced at the front page, and was pleased to see an article about BusinessWeek’s Power 100. The Indian paper, of course, was most interested in the fact that two cricket heavyweights had made it onto the list!

On the same page, there was a more disheartening story, about Tata Motors abandoning its plans to build a factory to produce its Nano microcar (remember the $2,500 car?). Because of ongoing protests among local residents angry that they weren’t adequately compensated for their land, Tata chief Ratan Tata has decided to build his plant elsewhere—a decision that will likely delay the launch of the Nano. While there’s been plenty of finger-pointing on all sides and I won’t try to apportion blame here, the whole affair is simply a sad commentary on the continuing difficulty of actually getting things done in India.

Reader Comments

Ian

October 6, 2008 9:44 PM

Once again, a pathetic situation.

Venkat

October 6, 2008 10:45 PM

All Tata care about is grab the cheapest land with whatever cost, either through corrupt official or to pay undercover bride. No wonders most farmers complain. You just don't take people land by force

Ajoy

October 8, 2008 10:58 AM

You can't blame Ratan Tata for the fiasco. What do you expect when politicians intervene in business? Doing business in India is tough. And acquiring land is tougher. The overall feeling in India is that a Tata's rival which also wants to make a small car with a foreign investor, is the creator of the controversy surrounding the Nano. Anything is possible in INdia

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