Aug 16, 2020
UK remains attractive to investors despite Brexit, says Tata boss
The UK will remain an attractive investment destination after Brexit because global trade turmoil has become the "New normal" for companies, according to the head of India's Tata, one of Britain's largest private sector employers. Brexit had not unduly hurt the UK's standing, said Tata Sons chairman Natarajan Chandrasekaran, though he warned that any new tariffs would damage the Indian conglomerate's businesses. "I think what you look for in running big businesses is stability, it's not that every policy you end up liking," said the boss of Tata, a business empire whose UK interests include Jaguar Land Rover, Tetley Tea and the country's biggest steelworks in Port Talbot. The 57-year-old insisted that Tata continued to view the UK as a "Second home". Mr Chandrasekaran said he was also bullish on prospects for the group's flagship IT business, Tata Consultancy Services, whose UK clients have included dozens of companies like Rolls-Royce and Marks and Spencer, as well as the UK government.
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