Tatas Corus buy out: Sign of changing time

When Tatas proposed to set up a steel plant in early 20th century, Sir Frederick Upcott, the then Chief Commissioner for Indian Railways commented - Do you mean to say that the Tatas propose to make steel rails to British specifications? Why, I will undertake to eat every pound of rail they succeed in making.

Legend has it that the Tatas sent the first ingot from the plant, neatly packed to Sir Upcott with a note - For your culinary delight !!!. In fact, Dorabji Tata was later to comment wryly that - Frederick Upcott would have had a slight bout of indigestion since Tata Steel went on to ship 1500 miles of steel rails to Mesopotamia during World War I!

Today Tatas snapped up the British firm Corus, becoming the 5th largest steel company in the world. I was watching an interview of Philippe Varin, CEO of Corus, and he termed the event as a 'Sign of changing time'.

Indeed.

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