21 October, 2020

The Smeltering Pot

Tatas have shown that Indian firms can dream big, make it happen

The Smeltering Pot
outlookindia.com
-0001-11-30T00:00:00+05:53
As an Indian, I feel proud about the Tata-Corus deal. In fact, the entire country is proud because it heralds the making of India Inc as a major global player. It's not only the fulfilment of a dream for the Tatas

but for the country too. This deal, especially with all that happened around it, shows India's determination to become a serious player. It seems there's already respect and fear in Europe about India and Indian companies.

I consider this a greater acquisition than L.N. Mittal's big-ticket buyout of Arcelor because it's not only about an Indian entrepreneur acquiring a company which is among the world's top five steelmakers, but also four times the size of Tata Steel. Against this, Mittal's was a global group though the man himself holds an Indian passport. Also, Mittal mostly acquired companies which were of low net worth and were government-owned. It's not the same here.

Ratan Tata also showed killer instinct when he upped the price. The Tata group showed courage by not cowering down. Now the question is whether...
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