Times of India

Kamal Nath hails Tata-Corus deal

31 January 2007

NEW DELHI: Union Commerce and Industry Minister Kamal Nath on Wednesday hailed the Tata's acquisition of Corus as a sign of India's economic strength.

“The Tata's win reflects India's economic and fundamental strength,” Nath said.

Earlier, Nath had said that the corporate deals should always be determined by business forces taking into account the best corporate practices and governments should not have much role in these business deals.

Nath has been vocally supportive of cross-border mergers and acquisitions, including Arcelor-Mittal and Vodafone.

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