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Govt ready to help Tatas complete Corus deal: FM

Source: PTI
January 31, 2007 13:51 IST
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Terming Tatas' successful bid for acquiring Anglo-Dutch steel company Corus as an example of aggressive Indian businesses, Finance Minister P Chidambaram said on Wednesday the government would be ready to help the industrial house to complete the deal.

"Government will be ready to help Tatas if they have any request to complete the transaction," the finance minister told reporters in New Delhi.

"Although Tatas have not made any requests so far, government will consider providing every help, or help it in getting clearances, say from Reserve Bank of India or the Securities and Exchange Board of India," he said.

The Tata-Corus saga

Expressing happiness on Tatas clinching the deal, he said: "It is a good example of aggressive, forward looking Indian businesses... We could have never expected such bids a few years ago."

Today, the Indian industry has confidence to bid for businesses abroad, to raise funds for the purpose and manage the business.

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