Tuesday, August 09, 2005

Tata Tea to foray into International market

Tata Tea Limited, India's only integrated tea brand, has been scouting overseas markets, specially in North and South America, for acquisitions in tea-related business to fuel further growth. The acquisitions will be intended to increase business for both Tata Tea and Tetley and is expected to be funded by cash reserves held with the Tata Tea. Tata Tea has been looking at North and South American markets with primary focus on beverages, ready-to-drink tea and herbal tea while the South African market is also an attractive destination after the company’s launch of its brands there.