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Wednesday, Nov 01, 2006

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Opinion - Letters
Corus takeover

This is with reference to "Tatas to buy Corus for $8 b" (Business Line, October 20). This is a strategic move for India as it will dominate the supply of one of the most important materials for infrastructure building globally. Tatas have their eyes on the vast market in China. China's economy is undergoing expansion and it will need oil, energy, steel and coal in its nation building.

India too is seeing unprecedented growth. The software exports and outsourcing are boosting forex reserves. India and China have earned huge reserves and are using it to expand infrastructure and production facilities for manufacturing industries.

S. Mohanakrishnan

New Zealand

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Corus takeover
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