Word: mittal
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...prominence for the emerging Asia conglomerate in 2000 when the most Indian of brands bought one of the most English, Tetley Tea. At $435 million, the deal was the biggest in Indian history, and it presaged a wave of international expansion by Indian and Chinese businesses like Mittal Steel and Lenovo. For Tata, entering the West was not an end in itself. Buying Tetley was simply a way to grow Tata Tea. "We look for the acquisition of companies that fill a product gap or have a strategic connection with what we do, wherever that company might be," says Tata...
...West Snubs East I was very surprised by the Europeans' resistance to Indian tycoon Lakshmi Mittal's takeover bid for Arcelor steel [Feb. 13]. We in the East are working very hard to establish societies based on European values. But the European hostility toward an Indian's move into their world has shattered our confidence. On the merger issue, it is very sad to note that the Europeans turned out to be as conservative as any traditional Easterner. Their reaction confirmed that a strong psychological barrier between West and East still exists. Anis Alam Saeed Karachi...
...Canadians will remember the Torino Olympics [Feb. 27] more for the quarterfinal elimination of our men's hockey team than for our record haul of 24 Winter Olympic medals. Theo Luykenaar Burlington, Canada Learning Europe's Values I was very surprised by the Europeans' resistance to Indian tycoon Lakshmi Mittal's takeover bid for Arcelor steel [Feb. 13]. We in the East are working very hard to establish societies based on European values. But the European hostility toward an Indian's move into their world has shattered our confidence. On the merger issue, it is very sad to note that...
...Europeans so upset over Mittal Steel's bid to merge with Arcelor [Feb. 13]? Where I come from, Western companies have gobbled up local firms?and entire industries, for that matter?and that's supposed to be just fine. It's disturbing to see that when someone from the developing world tries to set foot in the West, the move is always met with convoluted and unfounded criticism. The West has got to recognize that globalization, formerly a one-way street, now carries heavy traffic from the East. I guess that is what laissez-faire is all about. The West...
...Although I hold no brief for Mittal, the tone of the Europeans in this whole affair is decidedly racist. Let us not forget that "new" India has a civilization several centuries older than "old" Europe's. A little competition seems to bring out the worst in some people! Vandana Joshi Accra, Ghana...