 "May unable to make time for Tata executives")
Prime Minister Theresa May, on a visit to India to drum up trade after Britain voted to quit the European Union, said she’s been unable to arrange a meeting with senior figures at Tata Sons amid uncertainty over the company’s plans for its steel plants in the UK.
“I had hoped to meet the key people from Tata while I was in India,” May said. “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 is making her first trip as leader to India with the future of Tata Steel’s UK assets still unresolved, seven months after India’s biggest steel company put them on the block amid mounting losses and igniting a political firestorm due to the large number of jobs at risk. The situation has been complicated by the surprise ouster of the parent group’s chairman, Cyrus Mistry, who was replaced by his predecessor Ratan Tata at a board meeting on October 24.
Bloomberg
