The Gujarat government in India has accepted that it gave Tata Motors a soft loan worth INR4.19bn (US$69.9m), The Economic Times said.
Saurabh Patel, Gujarat industry and mines minister, said the state government gave this loan to the company from its budgetary resources at an interest rate of 0.1%.
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Tata Motors received this loan as an incentive for its Nano car plant in Sanand.
