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Tata not in talks with Brazil's Embraer

April 17, 2008 10:03 IST
Source:PTI
The Tata group on Wednesday said it is not holding any talks for a joint venture with Brazilian aircraft manufacturer Embraer.

In a statement, a Tata Sons spokesperson dubbed as "untrue and baseless" the reports that the group was holding joint venture talks with the Brazilian firm for production of aircraft.

Earlier, a report from Rio De Janerio in Brazil had quoted sources close to the development as saying that Tatas had offered setting up of a joint venture with the aircraft giant Embraer, which is the only manufacturing firm that makes commercial 120-seater jets.

The talks are in infancy stage but Tata Group, with its expertise in various fields, is considered as a serious contender for the joint venture, the report had said.

Source: PTI
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