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Alagappan Arunachalam

We have decided to step back from the plantation business, but in a phased manner. We will not sell the assets. They will go to the workers and their co-operatives.

— Mr R. K. Krishnakumar, Vice-Chairman of Tata Tea.

Tata Tea is well on its way to becoming a pure FMCG play; it has unveiled initiatives for a strategic exit from the plantations business.

Last year, it transferred leased plantations in the South to its employees and sold properties it owned. Now it plans to replicate this model for properties in the North-East and West Bengal as also in Sri Lanka.

China is also now on its radar as a market with immense promise. We have `buys' outstanding on the stock and maintain our positive view.

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