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Tata Steel may open retail outlets
Our Bureau
Kolkata
,
April 26
TATA Steel is toying with the idea of entering the retail business. The company is "examining the way in which steel can become more popular," said Dr T. Mukherjee, Deputy Managing Director of Tata Steel.
Addressing a news conference here on Tuesday, Dr Mukherjee said the company was exploring several options in this regard.
To begin with, it proposes to open an outlet as a pilot project that will sell not just products manufactured by Tata Steel but also those made by other steel producers. More outlets will be opened depending upon how the pilot project fares.
Talking about Tata Steel's investment plans, Dr Mukherjee said the company's proposed steel project at Dhubri in Orissa was progressing satisfactorily.
The Tata group is "keen" to go ahead with its investment plans in Bangladesh" but many "thorny issues" need to be sorted out before the expression of interest can translate into concrete investment.
The Tata group has proposed to set up a 2.4-million tonne capacity shore-based, hot rolled coil project in Bangladesh, a 1,000-MW power plant and a 1-mt urea plant at a cumulative investment of $2 billion, according to Dr Mukherjee.
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