UK Government, in the wake of protecting interests of taxpayers has permitted to provide ‘conditional support’ to the JLR (Jaguar and Land Rover) being controlled by Tatas.
The official spokesperson at UK’s department of BERR (Business, Enterprise and Regulatory Reform) said that though provisions for helping the company exist, there are conditions to be fulfilled as interests of taxpayers needs to be protected.
Spokesperson from Tata though did ओot deny the talks being taking place but declined to disclose any information on the issue.
Tata group chairman Ratan Tata, while interacting with UL media said that UK government does not seem to care about manufacturing sector.
BERR also suspended reports, which hinted at the government’s reluctance to give loan guarantees to the brands because they were being controlled by a foreign company, an Indian in the present case.
No comments:
Post a Comment