Tatas not to foray into liquor, tobacco and films

Tatas not to foray into liquor, tobacco and films

"Tatas will not invest in tobacco, liquor and Bollywood," Tata Sons director J J Irani said today.

Irani later clarified that the policy restriction on entertainment was only for films.
A Tata group MF, Tata Select Equity Fund was country’s first fund to abstain from investment in sectors including liquor and tobacco.

Speaking on the steel industry, Irani said there should be no export of iron-ore.
There was over capacity in China and raw material prices were easing, he said. "However, the market in the west continues to be in problem."

Irani said Corus was improving, but volumes continued to be low due to problems in the west.

On Tata Steel, Irani said 10 million capacity would be reached by next year.
He was speaking at the national conference on leadership organised by CII-Suresh Neotia Centre of Excellence for Leadership.