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Tata International to strength African footprint

Jan 4, 2016 Africa
Tata International to strength African footprint
The global trading and distribution arm of the Tata Group is planning to expand its presence in the continent by entering Angola and Ethiopia
Already present in several African nations specially located in the Eastern region, such as South Africa, Kenya, Ivory Coast, Nigeria, Tanzania, Zambia, Zimbabwe and Uganda, the India-based giant will enter Angola in the West and Ethiopia in the Eastern side.

The group is expected to focus its initial investments in the agri trading business, both imports and exports.

According to several news agencies, TIL reported a 2.2 billion US dollars turnover in 2014-15, up from 1.7 billion US dollars in the previous period and expects a growth of around 15% in the current fiscal year.

Tata’s key business areas are sale of leather & leather products, trading in metals & minerals, distribution of auto and allied products, agri-trading (both imports and exports), trading and distribution of industrial chemicals, distribution of drugs & medical devices and IT services. Tata International also sells footwear and apparel brands, and holds several international alliances.

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