"There will be some more things that we are talking about. We expect more number of vendors to come here. The size of the plant would be much bigger than what we had planned for West Bengal," he added.

As per the agreement, Tatas would also undertake a number of initiatives for human resource development in the state, including setting up of ITIs.

When asked about the loss incurred due to pulling out of West Bengal, Tata said, "We would be retrieving most of our costs out of Singur and I don't believe that there will be a need to have any appreciable loss reflected in our financials in the current year."

"The cost of moving out would be the cost of dismantling and the cost of moving to a new location," he said.

According to the agreement, the homegrown auto major would purchase land from the Gujarat government at current market prices.

Last week, Tata Motors withdrew its Rs one-lakh Nano car project from West Bengal, with a disappointed Ratan Tata blaming the Trinamool Congress leader Mamata Banerjee for the ‘unfortunate and painful’ decision.

Hitting out at Mamata, Tata had said, ‘agitation by the Opposition party has been the sole reason for this decision. How can we go into production when people are saying that we will continue agitation. I think Banerjee pulled the trigger".

Retaliating, Banerjee had said it was a ‘joint game plan’ by the Tatas and the state government during Durga Puja festival.

Tatas had evacuated entire work force from Singur, complaining intimidation and violence from the agitators who had cordoned of the entire area since August to prevent progress on the project.

... contd.