By – Ali Akmal
Japanese automaker Nissan Motor sent a legal notice to prime minister Narendra Modi last year seeking reply over dispute over unpaid state incentive of more than $770 million.
Huge payment of incentive is due on Tamil Nadu government as a part of the agreement nine years back in 2008 to set up a car manufacturing plant in the state.
According to Nissan several request had been made to the state regarding clearance of incentives but did not get any reply yet. Some officials from several ministries assured Nissan that payment would be made, but it doesn’t happen.
Nissan gave India an ultimatum to appoint an arbitrator, first arbitration hearing will be in mid-December.
A Nissan spokesman said the company was “committed to working with the government of India toward a resolution,” but did not elaborate.
A senior Tamil Nadu state official said the government hoped to resolve the dispute without having to go to international arbitration. “There is no discrepancy with regard to the amount due, and we are trying hard to resolve the issue,” the official told Reuters.
Maulana Abul Kalam Azad, also known as Maulana Azad, was an eminent Indian scholar, freedo…