chem1st Posted September 10, 2011 Share Posted September 10, 2011 Tata is the largest manufacturer in the UK. Tata is Indian. Tata employs almost 40000 workers in manufacturing. The UK is by far the most popular business destination in Europe for Indian companies. 700 out of the 1200 Indian firms in the EU operate from the UK. Tata is the largest single manufacturing company in the UK. http://ukinindia.fco.gov.uk/en/about-us/working-with-india/india-uk-relations/ If you remember, they bought 'Corus'. http://www.economist.com/node/21528653 THE steelworks at Stocksbridge in South Yorkshire are strangely quiet. Its furnaces are not of the roaring blast variety; they are small, purring vacuum-arc furnaces that use electrical current to re-melt steel. Beer-barrel-sized ingots made from scrap at a sister steelworks in nearby Rotherham are cleaned, welded to a stub and lowered into the furnace. The drop-by-drop melting takes 12-14 hours, removes impurities and strengthens the steel. Once cooled and tested, the blocks of steel are ready for use in aerospace and oil-drilling, where high-strength steel is prized. The steelworks were once part of Corus, an Anglo-Dutch firm, and before that of British Steel. They are now owned by Tata Steel, which belongs to an Indian conglomerate that also makes cars, chemicals and tea. Tata Steel paid $12 billion (£6.1 billion) for Corus in 2007, after a bidding war with CSN, a Brazilian rival. The following year Tata Motors bought Jaguar Land Rover (JLR) for $2.3 billion. That purchase already looks astute. This month Land Rover launched the Evoque, a mini sports-utility vehicle, which attracted 20,000 orders before it even went on sale. Tata UK is now the country’s biggest manufacturer, with almost 40,000 workers—just ahead of British Aerospace. Add in Tata’s service industries, such as consultancy, and the payroll tops 45,000 (see chart). Its presence in Britain is part of a growing trend. Britain is second only to America as a destination for investment by emerging-market firms, many of them from India. Tata’s purchases of Corus and JLR, as well as earlier takeovers of Tetley tea and the Brunner Mond chemical works, raised eyebrows, a few anxieties and at least two big questions: what does Tata want from its acquisitions; and what does the firm’s stewardship of JLR and its stablemates mean for British industry? Link to comment Share on other sites More sharing options...
Plopqwerty Posted September 10, 2011 Share Posted September 10, 2011 What's your point? Link to comment Share on other sites More sharing options...
Eviledals Posted September 10, 2011 Share Posted September 10, 2011 If it creates work in these run down places what does it matter who owns the steelworks,as long as they dont pay Indian wages of course Link to comment Share on other sites More sharing options...
chem1st Posted September 10, 2011 Author Share Posted September 10, 2011 What's your point? This Indian company is buying up a hell of a lot of British companies, some companies which are vital to the country, especially in war-time, and also in peace time (for maintaining and improving infrastructure, services etc.) Meanwhile, India, which has it's own nuclear weapons and space program receives millions each year in aid from the UK... (£295 million this year) http://www.bbc.co.uk/news/magazine-12607537 India is home to Indian's such as Mukesh Ambani (managing director of the largest private sector enterprise in India), you might of heard of him and his house in Mumbai... The most expensive house in the world, one which requires 600 staff and has parking for hundreds of cars, next to one of the largest slums in the world. The largest slum in asia, one which houses over 1 million people. http://parth-dave.blogspot.com/2010/03/paradox-residing-in-mumbai.html If the Indians can't even look after their own, we should worry about their presence in the UK. Link to comment Share on other sites More sharing options...
HeadingNorth Posted September 10, 2011 Share Posted September 10, 2011 This Indian company is buying up a hell of a lot of British companies, some companies which are vital to the country, especially in war-time, and also in peace time (for maintaining and improving infrastructure, services etc.) Meanwhile, India, which has it's own nuclear weapons and space program receives millions each year in aid from the UK... (£295 million this year) If £295 million in aid secures this vast amount of investment into our country, just imagine the rewards we could reap if we trebled it. Link to comment Share on other sites More sharing options...
Mecky Posted September 11, 2011 Share Posted September 11, 2011 Four words, "I told you so." I don't know why people are moaning everyone knew what was going to happen back in the late 70s and 80s and it's far too late to stay crying about it now. As in Carry on up the Khyber - Do anything? We're British, we won't do anything .... not until it's too late. Link to comment Share on other sites More sharing options...
HeadingNorth Posted September 11, 2011 Share Posted September 11, 2011 Four words, "I told you so." I don't know why people are moaning everyone knew what was going to happen back in the late 70s and 80s and it's far too late to stay crying about it now. In hindsight, it should have been obvious even in the early 50s. Britain wasted decades, and unimaginable amounts of money, on trying to maintain its position as a superpower when we really should have known that we were not one any more. As for economic policy in the 50s, 60s and 70s, the less said the better - we can all remember how painful the measures were that we had to swallow to undo that damage. Link to comment Share on other sites More sharing options...
LeMaquis Posted September 11, 2011 Share Posted September 11, 2011 India and China have about a third or more of the world's population. As they develop economically they'll keep buying up a lot of assets all over the world. Unlike the west they don't waste their resources on stupid and illegal wars. In years to come they'll be the most powerful economies on the planet out of force of numbers and lack of wastefulness. Link to comment Share on other sites More sharing options...
Plopqwerty Posted September 11, 2011 Share Posted September 11, 2011 This Indian company is buying up a hell of a lot of British companies, some companies which are vital to the country, especially in war-time, and also in peace time (for maintaining and improving infrastructure, services etc.) Meanwhile, India, which has it's own nuclear weapons and space program receives millions each year in aid from the UK... (£295 million this year) http://www.bbc.co.uk/news/magazine-12607537 India is home to Indian's such as Mukesh Ambani (managing director of the largest private sector enterprise in India), you might of heard of him and his house in Mumbai... The most expensive house in the world, one which requires 600 staff and has parking for hundreds of cars, next to one of the largest slums in the world. The largest slum in asia, one which houses over 1 million people. http://parth-dave.blogspot.com/2010/03/paradox-residing-in-mumbai.html If the Indians can't even look after their own, we should worry about their presence in the UK. I agree with all you type. Other than the Aid money, it's bribes and must end. Link to comment Share on other sites More sharing options...
Frank Sidney Posted September 11, 2011 Share Posted September 11, 2011 Its ridiculous that we give aid to India. As a nation, we're basically, a bunch of gullible numpties... Link to comment Share on other sites More sharing options...
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