what India stands to gain from CORUS

31 January, i may be late but the limelight hasnt faded yet. Mr Ratan Tata, chairman Tata group (now the biggest group as per sales) must have come out of his plush room at Taj, Mumbai with more than a smile to his face. Reason, the biggest ever clinched deal by an indian company in the global arena. An anonymus line in biggest economics daily quoted "India needed a six on the last ball, batsman Ratan Tata did the needful by straight bat shot". Quite rightly so, there is more to it than just the 12 billion tag.
It will prove to be more than just an aquisition for India Inc. The manufacturing industry of India has been away from its growth story by miles crippled with the cliched problems of infrastructure clubbed with aversion of Indian minds towards innovation. It will put Indian manufacturing industry in the driver's seat. Tata's with their presence in manufacturing, power, IT and automobile have time and again proved their mettle by soaring profits in all the sectors despite the prevalent problems.
The deal has proved that despite being the consumer economy since 60 years, India Inc has courage and power to talk of billions worth of gobbling. India has proved its hegemony in the knowledge sector. Now it was time to prove a point or two in the manufacturing sector.
As if this was not enough, Mr kumarmanglam Birla went on to aquiring Atlanta based Novelis. What could be worse than this, his 6 billion seemed peanuts face to 19 billion worth Hutch buy out by UK telecom major Vodafone. Poor Birla, it will take him half a decade to come out of his agony, his deal of 6 billion was overshadowed. Hope this SAGA continues unabated.........

comments welcome.