Ya'll Nibbiars The Tata Group companies have begun actively cutting exposure to international markets by exiting subscale businesses to reinvest capital and intensify their local focus, said top executives of the conglomerate. The companies have been mandated to retain businesses that are profitable and not a distraction to their main consumption market, India, with stricter capital allocation on scalable profitable businesses. Any strategic expansion plans outside India will be selective and made only if they meet the scalability or profitability criteria, And Any new capital will primarily be invested in India. That is clearly the strategic intents.
The Tata Consumer exited two US-based joint ventures last year, selling its stake to joint partner Harris Tea Company LLC. The company also divested its MAP Out-of-Home coffee business in Australia to Buccheri Group Pty Ltd, a boutique coffee manufacturer established in Australia in 2007 and led by Santo Buccheri and his family.
The There have been discussions earlier on scouting for buyers for the European businesses, but as of now the company is focussed on growing in India, The Tata Steel. The company also plans to sell its Thailand business as it looks to exit less profitable overseas units in the ongoing supercycle after earlier offloading its Singapore unit, NatSteel Holdings.
The Tata Power is looking to sell its stakes in joint ventures in South Africa and Zambia in order to cut its financial liabilities and focus on the domestic market. It's looking for buyers to divest its 50 percents stake each in wind energy company Cennergi in South Africa and Itezhi Tezhi Power Corp. ITPC in Zambia.