The international section of the Der Spiegel website have conducted an interview with indian industrialist Ratan Tata.
SPIEGEL: Mr. Tata, the purchase of Corus is the largest ever takeover of a foreign firm by an Indian company. Was this just a business deal, or — as many observers have suggested — a symbol of India’s growing influence?
Tata: It is primarily a strategic acquisition. Corus offers us a good springboard for entry into the European market. It enables us to achieve a global scale. And most important: Corus employees are similar to ours and used to producing our kind of top quality products. All things considered, it was a very good expansion of our steel business. And even if I don’t see the deal symbolically — maybe it shows that an Indian company now not only wants to play an important role in India, but also seeks to be a global player.