Audio – Tata Sons’ Rosling sees no major impact of credit crunch on firm
While there’s a lot of nervousness about the global implications of a possible slowdown in the U.S. economy from the subprime crisis, India’s Tata Group has not seen a significant fallout from the credit crunch and does not expect it will have a big impact on its acquisition appetite. Alan Rosling, executive director at Tata Sons, the holding company of Tata Group, said on the first day of the Reuters India Investment Summit in Mumbai on Wednesday that it was difficult to know how the credit crunch was going to play out but Tata had a strong balance sheet and if it needed to finance deals differently, it would do so.
Tata Group’s business interests range from autos to steel and salt to software.
To hear his comments, please click on the link alan-rosling-on-credit-crunch.mp3