Jamshedpur:Tata Steel group executive director, corporate and finance, Koushik Chatterjee today said that the present economic slump across the globe is one of the major challenges being faced not only by Tata Steel but by all the steel companies across the globe.
He however expressed confidence that India will remain the main base for future growth for Tata Steel Group. He said that the company has strong market presence and capital base through which it can easily sail through the tough economic scenario.
He also claimed that the Greenfield projects of Tata Steel and other growth projects are being executed on time. “We have also completed the 10 MT expansion plan in Jamshedpur Works successfully and we are continuing to work on the continuous improvement of our operating practices and to raise the bar on cost competitiveness” he said.