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Ratan Tata calls on Narendra Modi along with Cyrus Mistry
Ratan Tata, the outgoing chairman of over $80-billion Tata Group, on Thursday introduced his successor Cyrus P Mistry to Gujarat Chief Minister Narendra Modi during a courtesy visit to his residence in Gandhinagar, a top state official said.
"Ratan Tata today paid a courtesy visit to Narendra Modi at his official residence in Gandhinagar and introduced his successor Cyrus P Mistry to him," official sources said.
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Ratan Tata calls on Narendra Modi along with Cyrus Mistry
"Mistry has evinced interest in strengthening business ties with Gujarat," they said.
The 43-year-old Mistry -- son of Pallonji Mistry, chairman of the Shapoorji Pallonji Group that holds 18 per cent stake in Tata Sons, holding company of Tata Group -- will take over the reins from Tata after he retires in December 2012.
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Ratan Tata calls on Narendra Modi along with Cyrus Mistry
On invitation of Gujarat government, Tata Motors had relocated the mother plant of Nano to Sanand near Ahmedabad from Singur in West Bengal in 2008, after it faced stiff opposition there.
Tata Group companies like Tata Chemicals Limited and Tata Consultancy Services already have operations in Gujarat, while Tata Power Limited is setting up an ultra-mega power plant at Mundra in Kutch district.