TEA MERGE. INDIA COLONIZED THE BRITISH COMPANY.
TEA MERGE. INDIA COLONIZED THE BRITISH COMPANY.
Maria IGNATOV
British tea Tetley has passed to the Indian owner. India
namerena actively to join in world business.
Indian company Tata Tea Ltd has got the second manufacturer in the world
Tea bags Tetley Group for $433,6 million Transaction, which
It will be definitively issued in March, becomes the largest
The foreign investment of the Indian companies, reports
Associated Press. Besides the Indian company has managed to bypass the
The American competitor - Sara Lee Corp., which also wanted
To get the known trade mark.
Tata Tea is company Tata Group part - the largest vertically
The integrated company which is engaged in manufacture of tea, coffee and
Various spices. Both these companies already had joint business in
Companies Tata Tetley which made tea bags in India.
Now India has decided to become more independent.
Now Tata Teп supervises 23 % of the market of tea in India. New acquisition
Not only will increase the company almost twice, but also will allow it actively
To enter the markets of the countries of Middle East, Iran, Russia and Japan.
However, to the most attractive to the company till now remains
America where Tata has 24 % of the market.
The new transaction became for India almost national event.
The Indian government time and again accused that it protects
The domestic companies from a foreign competition. Since 1990
The government has reduced every possible restrictions for activity
The foreign companies in India, and local production has there and then faced with
The western competition. Now in Tata consider, that have found a new way
Struggle against a competition. "If the country wishes to develop, it is necessary,
That the Indian companies continued to get the world companies with
Perfect reputation ".
Besides, now Tata Tea takes the second place in the tea market
India after world leader Hindustan Lever Limited who owns
40 % of this market. Now India wishes to undertake courageous enough
Attempt - to provide world leadership for the Indian tea.
One more comment with which world agencies supply is curious
Messages on tea merge. Under their assumption, the British company
It has been chosen by India not casually. It was the Indian answer of England on
Century colonisation of India. However, representatives of the Indian company
Deny any historical reasons of the transaction and explain it only
Economic necessity.
Economic consequences have there and then made itself felt. The announcement of merge
It has been made on Sunday, and on Monday of action Tata there and then
Have risen in the price - if on Friday it made $13 for the action, in
Monday has grown more than on 7 %.
Tata Group it is known not only the tea business. It also
Is engaged in consumer goods of long using, hotels,
Cars, computer programs and telecommunications. By the way,
According to experts, for the country similar acquisitions more
Are necessary in the field of computer technologies, as in the tea
The industries India is not too weak.
"News" 2000.02.29
//* an information Source: п п п п я я п?п?п?i п iя я i, 29.02.00
//* Reg. Nom. - 1100200318.74-------------------------------------------
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