Tata Group wants to expand in China but is more likely to do so through joint ventures and its own start-ups than via major acquisitions, a senior official said on Tuesday.
Tata has sized up big China purchases in the past only to be deterred by corporate governance concerns, high asset prices and regulatory blocks, Tata Sons Executive director Alan Rosling told Reuters at a business conference in Beijing.
“We in fact are increasing the emphasis on China as part of our strategy,” he said.
“But like most emerging markets, the bulk of what you do is going to be built in from scratch or joint ventures, rather than taking over an existing business.”
Among the group’s activities in China, Tata Steel operates finishing plants and Tata Motors sources automotive components, Rosling said.
