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TEA MERGE. INDIA COLONIZED THE BRITISH COMPANY.

				
				
				
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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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