Tatas can expect all help to complete Corus acquisition, says FM

31 January 2007

New Delhi: Terming Tatas'' successful bid for acquiring Anglo-Dutch steel company Corus as an example of aggressive Indian businesses, finance minister P Chidambaram today said the government would be ready to help the industrial house complete the deal.

He said although the Tatas had not made any requests so far, the government would be ready to help the Tatas if they request for help to complete the transactionhe told reporters in the capital.

"The government will consider providing every help, or help it in getting clearances, say from RBI or SEBI," he said.

The FM said, "It is a good example of aggressive, forward looking Indian businesses... We could have never expected such bids a few years ago."

He was glad that today, the Indian industry had the confidence to bid for businesses abroad, to raise funds for the purpose and manage the business.