Business Standard

Li woos Indian business; Mistry says China key for growth

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Press Trust of India Mumbai
Chinese Premier Li Keqiang today visited TCS facility here and sought to assure Indian business houses that they will not "face any roadblocks" while investing in his country.

Li was apprised of the USD-100 billion group's operations in China by top officials that included Tata Group Chairman Cyrus P Mistry.

The Chinese entourage included a battery of ministers and senior officials, while the Tatas were represented by Mistry, TCS chief N Chandrasekaran and other senior group officials.

"We welcome Indian business houses to invest in our country so that there is joint growth of both the economies. We will do everything to ensure that you don't face any roadblocks to invest in our country," Li said while addressing Tata group officials.
 

The salt-to-software Tata Group was the only private enterprise on the itinerary of Li during his three-day official visit to the country, his first since taking office.

"We are proud to be associated with the Tata Group which has a rich legacy with its visionary founder also having worked in Shanghai over a century ago," Li said.

Tata group Chairman Mistry said: "We are delighted with the visit of the Premier to our group and this facility. China is a very important geography for the future growth of the Tata Group and we continue to increase our investments and scale of operations in that country."

Li, who was taken on a tour of the TCS Software Delivery Centre at the Goregaon facility, was also presented with an overview of the Tata Group's operations in China with a special focus on Jaguar Land Rover's and TCS' growing investments and operations across that country.

The USD 11.6-billion TCS, which opened its first office in China in 2002, is present in 6 locations in China-Beijing, Shanghai, Shenzhen, Tianjin, Dalian and Hangzhou.

Li, who engaged closely with Tata Group officials, also saw the exhibits of the latest Range Rover Evoque and Jaguar XF models.

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First Published: May 21 2013 | 9:35 PM IST

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