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TATA to invest £800m in Wales - First Minister

The First Minister of Wales, Carwyn Jones has welcomed a commitment by TATA to invest £800m in Wales over the next five years.
Monday 16 April 2012

The First Minister met the vice chairman of TATA Steel Mr B Muthuraman in Mumbai last week (Friday 13 April) as part of the Welsh Government's trade mission to India. They discussed  the company's forward investment strategy for Wales and to reaffirm the Welsh Government's continuing partnership with TATA.

Returning from Mumbai, the First Minister of Wales, Carwyn Jones said:

"I was delighted to meet Mr Muthuraman and to reaffirm personally the Welsh Government’s continuing commitment to partnership with TATA Steel.

"Mr Muthuraman explained to me that TATA steel plans to invest up to £800m over the next five years in their Welsh facilities. This substantial investment will be used to improve production, product mix, quality and product range at their plants in Wales.

"Mr Muthuraman paid tribute to the quality of the workforce available in Wales and recognised the importance of the continuing partnership with the Welsh Government in creating confidence for long term investment decisions. He noted too that Port Talbot is one of the best sites in Europe for steelmaking.

"This is excellent news for our communities and a massive vote of confidence in Wales. A first class workforce, strong industrial relations and a mutually supportive relationship with the Welsh Government have all played a part."

 

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