With Corus in bag, Tatas eye brand building, more buys in UK
India's leading corporate house Tata Group is looking to expand its presence in the United Kingdom through inorganic growth route, including in new areas such as leather footwear.
By PTI |
LONDON: India's leading corporate house Tata Group is looking to expand its presence in the United Kingdom through inorganic growth route, including in new areas such as leather footwear, after its successful takeover of steel giant Corus earlier this year.
The group has also embarked upon a brand-building exercise in the country, which it considers as the gateway to doing business in Europe as well as rest of the world outside India. It has appointed financial public relations firm Financial Dynamics (FD) for augmenting this exercise, the group's UK-based subsidiary Tata Ltd's Managing Director SA Hasan told a group of visiting reporters here.
FD is a leading international business and financial communications consultancy firm and is known for providing services aimed at maximizing shareholder value, enhancing and protecting a company's reputation and brand value.
"The Jaguar Land Rover deal is already in the offing in the automotive sector... we also see value proposition in a potential acquisition in the leather footwear segment in the UK. Besides, we could also look at possible inorganic growth opportunities in sectors we are already present as well as the new areas," Hasan said.
"UK is the largest market for the group after India and is generating revenue worth more than seven billion dollars per year... still there is lot of growth potential left here," he added.
"We expect this amount to increase to 9-10 billion dollars by 2010 with fair amount of contribution from all businesses including steel, Hasan noted.
The group has also embarked upon a brand-building exercise in the country, which it considers as the gateway to doing business in Europe as well as rest of the world outside India. It has appointed financial public relations firm Financial Dynamics (FD) for augmenting this exercise, the group's UK-based subsidiary Tata Ltd's Managing Director SA Hasan told a group of visiting reporters here.
FD is a leading international business and financial communications consultancy firm and is known for providing services aimed at maximizing shareholder value, enhancing and protecting a company's reputation and brand value.
"The Jaguar Land Rover deal is already in the offing in the automotive sector... we also see value proposition in a potential acquisition in the leather footwear segment in the UK. Besides, we could also look at possible inorganic growth opportunities in sectors we are already present as well as the new areas," Hasan said.
"UK is the largest market for the group after India and is generating revenue worth more than seven billion dollars per year... still there is lot of growth potential left here," he added.
"We expect this amount to increase to 9-10 billion dollars by 2010 with fair amount of contribution from all businesses including steel, Hasan noted.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
