Tata Motors has agreed to set up a permanent unit for manufacturing the Nano, the world's cheapest car, at Pantnagar in Uttarakhand, a top official of the state government said on Tuesday.
"On the request of the state government, Tata Motors has agreed to convert its interim Nano arrangement into permanent one at Pantnagar," Principal Secretary (Industries) P C Sharma told agencies.
Through the sale of Nano car and other commercial vehicles which are being manufactured at Pantnagar by Tata Motors, the state government would earn a revenue of Rs 200 crore through Value Added Tax, the official said.
Tata Motors has also launched a distribution company, Tata Motors Distribution Companies Ltd, at Pantnagar industrial area to sell the Nano, he said.
When contacted, a Tata Motors spokesperson said the company has launched the distribution company for the sale of Nano as well as other auto brands.
Tata Motors was given more than 100 acres of prime land by the state government at Pantnagar for setting up its manufacturing facility. Last year, the company got 20 acres of land from the state government for the distribution company as well as 45 acres of additional land for the expansion purpose at Pantnagar.
By setting up a permanent plant at Pantnagar, Tata Motors would also take benefit of sops available in Uttarakhand under the special Central Industrial Package (CIP), 2003, for a period of seven years, Sharma said.
Uttarakhand Chief Minister B C Khanduri has expressed happiness over the roll-out of the small car and described it as a big achievement.
In a statement here, Khanduri said it was a moment of joy and big achievement that the first Nano of Tata Motors has been launched from Pantnagar industrial area where hundreds of topnotch companies have also set up their units.
He also congratulated Ratan Tata for the launch of Nano and said the state would benefit a lot from revenue of Rs 200 crore through distribution of the small cars from the hill state.
Khanduri also expressed hope that Uttarakhand would continue to achieve the industrial growth in the years to come.
source: http://www.zeenews.com
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