From correspondents in Delhi, India, 07:40 PM IST

Statement from Mr. Gautam Thapar - Chairman & CEO, Avantha Group

"The controversy surrounding the Nano Project is very unfortunate.

That India's leading corporate group, Tatas, with its exemplary record in social consciousness and stakeholder care, has been caught up in an unseemingly political pull and push is unfortunate.

The Nano project has put India's manufacturing capabilities on the world map. A pullout by the Tatas at this stage would be very unfortunate, and would severely tarnish India's image as an investment destination. A constructive approach is required, and all efforts must be made to ensure that the project implementation goes forward"

This was stated by Mr. Gautam Thapar, Chairman & CEO, Avantha Group (which includes BILT, India's largest paper company and Crompton Greaves, India's largest Engineering Company).

Source: Press Release Distribution via India PRwire