| Tata
Motors in Tie-up Talks with Canada Firm
Tata Motors is in talks with a Canada-based
company for its second generation gearless Nano.
Benoit-Jean Bernard, director Quebec office, Counsulate General
of Canada in Mumbai said, "Tata has already invested
huge amount in Canada's Quebec province and is in the process
of signing a deal for supply of parts for gearless Nano with
C-tech, a Montreal-based auto component maker."
According to him, the two companies have been working in
coordination for the past two years on the project. Sources
say once the deal is signed, the Canadian company may set
up a manufacturing facility close to the Nano plant in Sanand.
Already, Canadian companies like Bombardier and SNC Lavalin,
an engineering firm, have units in Gujarat. Bombardier manufactures
coaches for the Delhi Metro at its Vadodara facility."This
is the first time I am attending the Vibrant Gujarat summit.
The reception has been very warm," Bernard said, adding
that he was here to attract investment for his province in
Canada. "We decided to use this platform for inviting
industrialists from Gujarat and the rest of India to invest
in Quebec," he said.
Source: India Brand Equity
Foundation
Date: January 13, 2011

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