29 October, 2020

Whose Loss Is It Anyway?

The First Family of Aviation folds up its wings in a huff

Whose Loss Is It Anyway?
outlookindia.com
-0001-11-30T00:00:00+05:53

After three years of hanging on desperately, the Tatas have finally said goodbye to their airline project. Making the group the first Indian corporate house to pull out of a prestigious project on the ground of 'delay' and the government's 'obstructive' attitude.

At the end of a long battle marked by several unanswered questions, murky politics and bureaucratic buck-passing, peaking last fortnight when the civil aviation ministry decided to appoint yet another expert committee to go into the Tata proposal, Bombay House decided to abdicate. And, despite some conciliatory noises by senior government functionaries, it says there's no question of going back.

In separate letters to the civil aviation ministry and the Foreign Investment Promotion Board (FIPB), Tata Industries chairman Sujit Gupta said his company was 'frustrated' at the inordinate delay in taking a decision. "This is a careful and considered decision. We're not waiting any longer," Gupta told reporters. The Tatas vision of aviation—once pioneered by JRD...

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