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A. Roy Chowdhury

HR as big asset: Mr B. Muthuraman, Managing Director, Tata Steel, at ‘India’s century — The challenges for Indian business leadership’, a National HRD Network 11th National Conference in Kolkata on Saturday. —

Our Bureau

Kolkata,, Dec. 1 Tata Steel will not make any hostile takeover bid, its Managing Director, Mr B. Muthuraman, said here today.

Delivering the keynote address at a special session of the 11th National Conference of the National HRD Network, Mr Muthuraman said the company would buy only those companies “that are willing to be bought over by us”.

He said the company has already acquired and is managing the acquisitions of two South East Asian companies and Corus.

While a joint venture has been signed with Riversdale Mining for the coal project in Mozambique, Tata Steel is looking at West Africa for iron ore linkages.

In his valedictory address later in the evening, Mr S.K. Roongta, Chairman of SAIL, said the present century belongs to India and the country is poised to be among the top-three economies in the world in the next 30 years.

However, for this to happen, it would be imperative to nurture, value-add, manage and retain its human resources. “Human resources are our greatest assets. We have to provide them with skills and ensure their value-addition. Managing and retaining human resources will be at the core of India’s success and progress as a nation”, Mr Roongta said.

According to him, besides generating and developing skilled human resources, the other two challenges India faces while on its march towards becoming among the top-three economies in the world, are maintenance of law & order and positive attitudes among its people.

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