India’s Tata group is seeking to expand in partnership with Japanese companies.
Ratan Tata, chairman of the core Tata Sons, told Nikkei that India will team up with Japan to develop markets in different parts of the world, particularly Africa and Latin America.
The Indian group has formed close relations with Japanese firms such as Mitsubishi Corp. and Hitachi Ltd., launching information technology business and manufacturing and selling construction machinery respectively.
Tata now sees a broader market beyond Japan, looking for business opportunities “elsewhere”. Tata further said that it is a pleasure to tie-up with Japanese companies to venture in the fields of power generation and distribution, mining and IT. He is anticipating a “healthy growth” for the group as it will export low-priced products to Africa and Latin America.
The Tata group is based in Mumbai and has more than 100 firms. Tata, turning 75 in December, plans to retire before the end of this year.