Bloomberg News

Aletti’s Rossini Says Tata Needs to Decide on Growth Strategy

November 23, 2011

Nov. 23 (Bloomberg) -- Walter Rossini, who helps manage 200 million euros ($267 million) in Indian equities at Aletti Gestielle SGR SpA, comments on Tata Sons Ltd. naming Cyrus P. Mistry, the son of its biggest shareholder, as successor to Chairman Ratan Tata. He spoke by telephone from Milan.

“Maybe one of the first choices of the new leadership will be to decide whether to focus more on India or focus more on the international market. This will be a very important decision. To grow more in India or grow more in the world, and where to grow, in which business. They have to make a choice.

“One of the main decisions they will have to communicate to the market is if they want to keep growing by buying other businesses or they want to stop and maybe consolidate the existing business.

“They have already done a very good job in restructuring Jaguar and Tata steel. I think they will focus more on efficiency and productivity.”

--Editor: Subramaniam Sharma.

To contact the reporter on this story: Tushar Dhara in New Delhi at tdhara1@bloomberg.net.

To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net.


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