Happy New Year! .
In this morning's NY Metro edition 01-04-2008, there was a tiny blurb in the business section from the Associated Press. Ford Motor Company has picked India's TATA Motors Ltd. as the top bidder for its Jaguar and Land Rover units.
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People like Lakshmi Mittal of Arcelor Mittal, (world's number one global steel company) received praise from the Indian community, with his ability to acquire large steel conglomerates. Thus, putting India on the global map as an economic power.
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Tata Motors Limited, is India's largest passenger automobile and commercial vehicle manufacturing company is ranked as the world's 21st largest vehicle manufacturer, based on figures for 2006. It is part of the Tata Group and has its headquarters in Mumbai.
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The possible acquisition of British marquees Jaguar and Land Rover could catapult Tata Motors into the league of global automobile manufacturers. The fact that the former British owned and now American owned companies heightens this aspect of global economic power. This tiny blurb in the US papers would be cause for a parade in Delhi, should it go through. The idea that an Indian corporation has the ability to purchase a large global power's company is cause for national pride. India is a patriotic country and buying a former colonizer's company would add to this sense of pride.
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