Tata-Corus deal sign of India's economic strength: Nath | india | Hindustan Times
Today in New Delhi, India
Dec 08, 2016-Thursday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Tata-Corus deal sign of India's economic strength: Nath

india Updated: Jan 31, 2007 13:04 IST
Highlight Story

Commerce and Industry Minister Kamal Nath on Wednesday said the Tata's acquisition of Corus was a sign of India's economic strength.

"The Tata's win reflects India's economic and fundamental strength," the minister said.

Nath had earlier said that the corporate deals should always be determined by business forces taking into account the best corporate practices. He stated that the governments should not have much role in these business deals.

Nath handles Commerce and Industry Departments dealing with the policy issues governing both international trade and investments.

He had been vocally supportive of cross border merger and acquisitions, including the Arcelor-Mittal and Vodafone. He enjoys a good rapport with CEOs of host fortune 500 companies.

tags