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Tata Steel sees 73% of business from India over 10 years
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Tata Steel sees 73% of business from India over 10 years
Reeba Zachariah / TNN / Updated: Jul 7, 2021, 16:03 IST
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MUMBAI: Tata Steel expects India to account for 73% of its business over the next decade as it moves to double production capacity and broaden offerings. A decade ago, Europe accounted for the bulk (63%) of its business, while India comprised 29%.
Its growth outlook has changed after it adopted an inward-looking strategy following its overseas adventure, which began with the purchase of NatSteel Singapore in 2004, Millennium Steel Thailand in 2005 and Corus in 2007. Over the last few years, it bought local assets (Bhushan Steel, Usha Martin Steel) to expand its play here even as it reduced its European footprint.
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