Tata Motors issues statement debunking Rahul Gandhi’s lies on Sanand factory

Rahul Gandhi has been on a whirlwind campaign trail in Gujarat in a bid to defeat the indomitable BJP which has held on to its bastion for the past 2 decades. It doesn’t come as a surprise, given Rahul’s penchant for gaffes, that he has peddled more than one lie in his attempt to demonize Prime Minister Narendra Modi.

One of those lies was when he claimed that the Gujarat state government had given Tata Motors Rs. 33,000 crores for its factory in Sanand.

While we had comprehensively debunked Rahul Gandhi’s lies related to the Sanand factory, Tata Motors has today issued an official statement in an email sent out to media houses, taking on Rahul Gandhi’s assertions.

“The investor friendly environment created by the Government of Gujarat (GoG) encouraged Tata Motors to set-up its manufacturing plant in Sanand, with a long-term vision to make it one of the leading automotive hubs, further enabling Gujarat to contribute to the prosperity and growth of India.

Given the scale of the project and its potential to drive growth in the state, the GoG offered Tata Motors an incentive package in the form of a loan (not a grant), which is to be repaid to the State Government as per the Loan Agreement executed. The loan given to Tata Motors from the GoG is from taxes paid by Tata Motors.

Until now, the State Govt. has given a loan of Rs 584.8 Cr to Tata Motors. Since the establishment of the Sanand plant, there has been a spurt in economic activity and growth in employment (direct and indirect) within the State, making Gujarat one of the key auto hubs within the country with huge employment generation. The project has also given rise to capital investments which has further resulted in the development of incidental industrial activities and employment generation in small and medium scale industries.”

News reference – opindia

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