BUSINESS

Tata not in talks with Brazil's Embraer

Source:PTI
April 17, 2008 10:03 IST
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
© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

NEXT ARTICLE

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email