Indian-origin businessman and founder of the Liberty Group Sanjeev Gupta on Friday formally took charge of Tata Steel’s loss-making plants in Scotland.
Gupta, who has also expressed an interest in acquiring Tata’s embattled Welsh unit of Port Talbot, hailed the “fresh chapter” in efforts to begin work on the re-opening and recovery of the two steel plate operations at Dalzell and Clydebridge in Lanarkshire, negotiations for which began last November.
“Despite the current anxieties surrounding steel, I believe the sector has a future in the UK and, more particularly, a future here in Scotland. Like in Wales and the West Midlands, where our business model is already at work, steel is very much part of the fabric of Scottish industry and we are confident we have the calibre of people here who will keep it where it belongs, at the heart of the economy,” Gupta said at an official hand-over ceremony at Dalzell.
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