We tell foreign investors you can come and start building your factory in 15 days: Arun Misra, Tata Steel SEZ

The Tata group, which controls more than 100 operating companies, has showcased just about half a dozen of them at its pavilion at Make in India week in Mumbai. Evidently, space is a constraint at Hall No. 7, which is reserved for conglomerates. Next to it is the Reliance IndustriesBSE 2.45 % pavilion.

Tata SteelBSE 2.65 % SEZ Ltd, a 100% subsidiary of Tata Steel that owns 3,000 acres in Gopalpur, in Odisha, is one of those few companies to find place in the pavilion, along with parent Tata Steel, Tata MotorsBSE 3.02 %, Tata ChemicalsBSE 0.76 % and Tata Advanced Systems. This shows the significance the group attaches to a relatively new Tata company, still in investment mode and yet to earn.

“This is the first time that the Tata group is coming up with a special economic zone,” said Arun Misra, managing director of the SEZ, in an interview on the sidelines of Make in India, shortly after Tata group chairman Cyrus Mistry toured the pavilion on Sunday. The company is still awaiting the last of the approvals it needs; Misra believes this a formality. Read More…

We tell foreign investors you can come and start building your factory in 15 days: Arun Misra, Tata Steel SEZ