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Our Bureau

New Delhi , Oct. 20

Welcoming the takeover of the leading steel multinational giant Corus by Tata Steel, Mr R. Seshasayee, President, Confederation Indian Industry (CII) said, "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 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.

Assocham President, Mr Anil K. Agarwal congratulated the Tata Steel board. The takeover will indeed enhance image and prestige of Indian corporates overseas, particularly the manner and grace with which the deal has been struck, he said.

More Stories on : Mergers & Acquisitions | Steel | Industry Associations | Tata Steel Ltd

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