It all began with a chance encounter between an Indian billionaire and a London politician at a cloakroom in Davos in 2009.
ArcelorMittal chairman and CEO Lakshmi N. Mittal took minutes to be convinced about London mayor Boris Johnson’s idea of an iconic metal structure to symbolise the 2012 Olympics.
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Indian automotive major Tata Motors revealed further investment plans as part of a growth strategy for its luxury Jaguar Land Rover (JLR) brands in the UK.
The company is planning a £200-million injection to expand its plant at Castle Bromwich to build new Jaguar models.
There was more good news for Indian steel major, Tata Steel, with the confirmation of a £100-million gas pipe order for its Teesside plant in the UK.
One of the world’s largest steel manufacturers was in the news earlier this week for the launch of its new noise-reducing SilentTrack technology in London.
Indian steel giant Tata Steel has installed railway tracks that will reduce train noise in the UK. The new tracks, at Blackfriars station in London, are the first-of-its-kind to be installed in the country and will reduce noise by up to 50 per cent at one of the capital’s busiest railway stations.
To compare India and China in terms of economic strides is quite a common practise but when it comes to Africa, it seems any comparison is unnecessary.
The London Business School devoted its India Business Forum this week to the growing Indian interest in Africa.
Indian wind power major, the Suzlon Group, has received orders for supplying 276 MW capacity turbines across Europe. Group subsidiary REpower Systems announced cumulative orders of approximately 276 MW across Europe over a two-month period between February and April this year alone.
The iconic Jaguar Land Rover (JLR) brands owned by Tata Motors may be edging closer to an initial public offering (IPO) as their value continues to soar.
The Indian automotive major had acquired JLR for around $2.5 billion from Ford Motor Company back in 2008.
Tata Communications has secured bank financing to bid for London-listed Cable & Wireless Worldwide (CWW). The Indian telecom major had weighed into the bid alongside Vodafone and the bidding deadline for the British firm which sells telecom and Internet services to major UK businesses expires on April 19.
Foreign retailers like Walmart and Tesco need not downgrade their Indian expansion plans as the country’s trade minister is confident of the multi-brand retail sector opening up soon. Indian commerce and industry minister, Anand Sharma, stressed that the decision has been taken and it is only a matter of time that it gets implemented.
