Tato Pays the Price of Ignoring Villagers ; Emerging Markets

Summary

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The decision by Tata Motors to exit its Nano production facility in West Bengal after protests over land compensation is a sign companies investing in India will need to pay heed to state politics and villagers in the large, complicated democracy.

Tata Motors, India's biggest vehicle maker, announced on Friday that it was pulling out of the eastern state after having suspended work for more than a month in Singur, where it had planned to make 250,000 units of the Nano from this month onwards.

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Extract

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Tato Pays the Price of Ignoring Villagers ; Emerging Markets

Protests by farmers unhappy with the compensation paid for their land by the state had led to a blame game between the state government and the main oppo...

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