India Inc India Inc: Friday, 21 April 2017 07:21

Tata Steel eyes South East Asia

Tata Steel is seeking out opportunities in the South East Asian market, given the strong export prices for the region.

Tata Steel MD T.V. Narendran said on the sidelines of the India Steel Expo: "We are looking at higher exports in the current year as the South East Asian market is growing quite well and there is no reason why we should not participate in that.”

The company said it expects a lot of investment to drive growth in the steel sector and the growth of India's steel industry will be a great opportunity for the capital equipment market across the world.

Narendran said this made it feasible for investors them to invest in India.

The Indian steel giant also bagged the Prime Minister’s Trohpy for the best performing integrated steel plant. The PM’s trophy recognises companies that display outstanding performance in a vital sector of the Indian economy, which draws heavily on national resources of capital and skilled manpower.

Narendran said: “Tata Steel has always focused on operational excellence and delivering value to all its stakeholders.”

India Global Business’ has in-depth coverage on related topics.

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