Theresa May says no meeting planned with Tata bosses during India trip

In March, Tata Steel put its British steel operations on sale following heavy losses linked to a flood of cheap Chinese imports and low demand in the region.

By: Reuters | New Delhi | Updated: November 7, 2016 7:09 pm
Theresa May, Theresa May tata meet, Theresa May says no to tata, UK PM India trip, britain Prime minsiter, UK prime minister, latest news, laltest world news,latest business news Britain’s Prime Minister Theresa May, centre, is welcomed by an official upon her arrival at the Palam airport in New Delhi, Sunday, Nov. 6, 2016.  (AP Photo/Manish Swarup)

British Prime Minister Theresa May won’t meet any executives from Tata Steel Ltd during her two-day trip to India but talks about the future of its British steel operations are still going on, she said.

In March, Tata Steel put its British steel operations on sale following heavy losses linked to a flood of cheap Chinese imports and low demand in the region. The process was suspended in July because of uncertainty following the June Brexit vote. The company has since said it is exploring opportunities for a partnership for its entire European steel business, and Germany’s biggest steelmaker Thyssenkrupp has said it is in talks with Tata.

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“I had hoped to be able to meet the key people from Tata while I was in India, sadly the schedules don’t allow for me to do that on this particular visit but there are regular contacts between the government and Tata Steel,” May told reporters on the plane to India on Sunday, her first bilateral visit outside the EU since she took office in July. “There continue to be those regular contacts to ensure that we maintain, as has been maintained so far, that steel production in the UK.”

Tata’s former chairman Cyrus Mistry, who was ousted in a boardroom coup last month, is due to take part in a CEO forum with May during her visit.

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  1. A
    Nov 8, 2016 at 2:52 am
    Trade is life line for any nation but Hindus should do business with any nation which is good for both nations but being enslaved by British and europeans was death blow and enslavement starting with simple East India Company and have never given reparations by Islm or Christianity. It is better to have no trade and be enslaved. Sincerely it was then and now both sides have learned lessons. Trust but verify-Ronald Reagan said. Always be vigilant. Shame on you first time but Indians keep repeating being slaved or taken advantage of by aliens, because of trusting wrong sleazy barbaric people. Nehru trusted China 100% an gave away many free bees to stan. Prithviraj Chauhan truste Mohamed Ali Ghori and got himself and Hindus butchered. How many times Hindus repeat their horrific ignorance to alms bearing 'guests'? As I said TRADE is lifeline of any nation. Trust but verify before you destroy the nation. Hire Chanakya. Modi - We all hope- has learned by now that alien leaders are seasoned swindlers or bamboozers do not play the same game of superior race or might.. Listen to patriotic experts on subject, Analyze and synthesize and then act. It is not now or never and '' is just at this moment or lose it? Lose it.