Tata Steel to sharpen focus on Indian market, improve steel portfolio in EU

Tata Steel is to strengthen its focus on further expanding the steel market in India as well as improving its own steel portfolio strategy in Europe, the company said on Monday October 30 when publishing its financial results for the quarter ended September 30.

“We remain positive about the outlook for India because encouraging government reforms are expected to facilitate domestic investment and growth in the coming years,” the company’s managing director, TV Narendran, said.
The drive toward tax reforms and transparency will also ease the way for necessary changes in India’s economy and “serve as a tailwind” to market participants such as Tata Steel, he added.

For example, India’s new Goods & Services Tax (GST), which came into force on July 1 this year, is intended to bring together a host of existing...

Published

Maria Tanatar

October 30, 2017

16:15 GMT

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