Davos meet: Had fruitful meetings with Tata Sons, 46 other firms, says M.B. Patil

M.B. Patil discusses Tata Group investments and global engagements at Davos.

Industries Minister M.B. Patil on Saturday said he had a 30 minutes interaction with Tata Sons Chairman N. Chandrasekaran at Davos last week, besides bilateral talks with 46 multinational and Indian companies, investors, etc,.

He indicated the discussions were centred around Tata Group’s potential future investments in Karnataka across various sectors, speaking to reporters about the highlights of his recent ministerial delegation visit to World Economic Forum at Davos, Switzerland.

”Tata already has significant investments in Karnataka, including decades-old investments and recent investments including in the MRO business. Tata is a highly respected company and we want much more investments from Tata Group in Karnataka,’’ Mr. Patil said.

Talking about other highlights of the visit, he said he had bilateral engagements with 46 global and Indian companies, investors, country leaders and diplomats at the WEF at Davos.

Under 46 different engagements, comprising 25 multinational companies and 15 Indian companies, the delegation met firms that operate in the areas of aerospace and defence, advanced manufacturing, beverages and food processing, space tech, life sciences, data centre and digital infrastructure and clean energy, he said.

Responding to media queries Mr. Patil said, “There were only discussions on investment intents but no Memorandum of Understanding were signed at Davos, as planned.”