Excerpt from HT epaper
TATA motors ambitious Nano project got a shot in the arm on Wednesday with Reliance Industries Chairman Mukesh Ambani throwing his weight behind what he described as ‘a unique initiative’ to turn India into a global hub for small cars.
In an unusual move, Ambani issued a statement to the media, warning that attempts to derail the Nano project would do as much harm to the country’s economy as to its image abroad.
His comments came as protests and a blockade outside the Nano site in Singur entered the fourth day and Mamata Banerjee threatened a statewide bandh on Friday. Samajwadi Party’s Amar Singh, a known Anil Ambani ally, had joined the Trinamool Congress, on the day she launched her agitation.
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The way i see it, Mr. Mukesh has to have an hidden agenda for his support for the Nano project, is he thinking that Mr. Ratan Tata will take favor on the Reliance Natural Gas dispute as well?