Govt ready to help Tatas complete acquisition: FM
FM P Chidambaram on Wednesday said the government would be ready to help the industrial house complete the deal.india Updated: Jan 31, 2007 16:05 IST
Terming Tatas' successful bid for acquiring Anglo-Dutch steel company Corus as an example of aggressive Indian businesses, Finance Minister P Chidambaram on Wednesday said the government would be ready to help the industrial house complete the deal.
"Government will be ready to help Tatas if they have any request to complete the transaction," the Finance Minister told reporters in New Delhi.
"Although Tatas have not made any requests so far, government will consider providing every help, or help it in getting clearances, say from RBI or SEBI," he said.
Expressing happiness on Tatas clinching the deal, he said: "It is a good example of aggressive, forward looking Indian businesses... We could have never expected such bids a few years ago." Today, the Indian industry has confidence to bid for businesses abroad, to raise funds for the purpose and manage the business.