Big Deal!

Tata Steel is taking over Corus, an Anglo-Dutch company that is 3-4 times it's size in a 4.3 billion Pound deal.



This deal sets a number of records ....

- It'll catapult Tata Steel from it's current 56th largest steel maker's position to the 5th largest.

- It'll be the 1st time that FDI outflows from India will exceed FDI inflows into the country.

This is what the BBC had to say about it .... "The Tata deal is a further sign that India's economy is a force to reckoned with. Analysts expect a wave of takeovers by Indian firms to ensue around the world.".

There are apprehensions though that a downturn in the world economy could cause problems for Tata in repaying the 1 bn pounds it's taking on as debt for this deal. But, having been born & brought up at the place that Tata Steel calls home, I've known & observed this company & it's style of work a lot closer than others. I think if there's one company that can think of & pull off such a deal .... it's Tata Steel.

Go Tata! Go India!