Why is Tata-Tetley a memorable deal?

Tata-Tetley deal has helped to create India's first true MNC. In this transaction, just UK 15 million pounds has been utilised from India. Everything else, amounting to UK 290 million pounds, came from overseas.

This is extremely strategic considering the fact that only five per cent has been utilised from the Indian reserves. In this deal, we were well-supported by the RBI. I must compliment the GoI for making this deal a reality.

This deal is memorable also because it has made India the global number one at least in one product, the branded tea. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd. More.

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