India’s leading corporate house Tata Group is looking to expand its presence in the United Kingdom through inorganic growth route, including in new areas such as leather footwear, after its successful takeover of steel giant Corus earlier this year.
The group has also embarked upon a brand-building exercise in the country, which it considers as the gateway to doing business in Europe as well as rest of the world outside India.
It has appointed financial public relations firm Financial Dynamics (FD) for augmenting this exercise, the group’s UK-based subsidiary Tata Ltd’s Managing Director S A Hasan said.
“The Jaguar Land Rover deal is already in the offing in the automotive sector... we also see value proposition in a potential acquisition in the leather footwear segment in the UK. Besides, we could also look at possible inorganic growth opportunities in sectors we are already present as well as the new areas,” Mr Hasan said. ““We expect our business in UK to increase to $9-10 billion by 2010,” he added.