Tata sets sights on China
Tuesday, 15 January 2008, 20:30 IST
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Beijing: India's Tata Group wants to become a major player in China across a range of businesses, a newspaper reported on Tuesday. At least four major Tata companies are keen to enter China and are actively exploring opportunities, the China Daily quoted Girija Pande, who heads the Asia-Pacific arm of Tata's IT subsidiary, as saying. Tata Motors is in talks with his Chinese counterparts to set up joint ventures in China, Pande said. It is betting on its experience in the small car sector to break into China's booming market. Tata is looking to test its $2,500 Nano model, the world's cheapest car launched by the company in the Indian capital New Delhi last week, in other countries including China. Tata Group also wants to expand into China's hotel and chemical industries. The group's telecom operation is looking at providing value-added telecommunications services, the daily said. "These are among the most globalized businesses in our group," said Pande. "Once they succeed in China, the smaller subsidiaries will start to move to China." "We are still at an early stage in China," he added. "But the country is on our top five list as we try to capture the opportunities beyond the Western markets." Tata Group set up its representative office in China in 2006 to make an entry into the world's most populous country.
Source: IANS