Commenting on the Tata Steel - Corus deal, Mr R Seshasayee, President, CII said "We are delighted of course. The Tata Steel - Corus agreement is a sign of a confident India Inc. being recognised as a very significant global economic player. The "internationalisation" of the Indian corporate sector has reached a new high with this landmark deal."
Mr Seshasayee added "Indian companies have displayed the right balance of ambition and confidence in recent times. And in times to come, this trend would become the rule rather than an exception. They are globalising consistently and sensitively".
Agreeing, Mr Sunil Kant Munjal, Past President, CII said that the Tata Corus deal signified three things: The fact that the Indian companies, especially larger corporates, are actively pursuing their global aspirations; that the groups like Tatas are showing leadership in many fields and thirdly, the Indian steel industry seems to have come of age having been at the beginning of consolidation last year. This is a pre-cursor of what we can expect over the next 3 - 4 years, Mr Munjal added.
Mr Rajive Kaul, Past President, CII and Chairman, CII International Council said that the deal is reflective of the consolidation of the Indian industry in the global economy.
Mr Tarun Das, Chief Mentor, CII said that this is the first scaling up of an Indian company to global scale. The deal reflects the Tata philosohy. "It is a result of a dialogue between Tata Steel and Corus; the whole strategy is a reflection of the Tata philosophy of working with partners, with values and ethics. It is a different role model of acquisition and it is unique"
