Mistry says China key for Tata group growth

Mumbai (PTI): Chinese Premier Li Keqiang on Tuesday 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 $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. "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." 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.