We plan to make an acquisition in India this year, says Sanjeev Gupta

Interview with executive chairman of Liberty House

Liberty House, worth $6.8 billion, has set its eyes on the difficult yet promising Indian market. On a visit to India, its executive chairman Sanjeev Gupta talks to Aditi Divekar about lower returns on investment from the India business and his plans to bid for Tata Steel’s stripes business. Edited excerpts:

What is the purpose of your visit to India?

We are examining various acquisition prospects in automobiles, metals, power and even financial services. We are in talks with major banks. There are specific things being discussed but I cannot disclose details at this juncture. We are hoping to make