Tata mulls Jaguar Land Rover plant in Saudi
New Delhi, February 27, 2014
India's automobile giant Tata Motors is exploring the possibility of setting up a manufacturing plant to produce Jaguar and Land Rover vehicles in Saudi Arabia, a report quoting the kingdom's industry minister said.
Addressing an India-Saudi Arabia Business Forum meeting in New Delhi, Saudi Commerce and Industry Minister Tawfik Fawzan Alrabiah said the proposed plant would be the third largest for manufacturing of high-end Jaguar and Land Rover cars, the Times of India report said.
He said the plant will be set up in the Eastern Province.
The UK-headquartered Jaguar Land Rover is a subsidiary of Tata Motors since 2008, when the Indian group purchased it from Ford.
Saudi Crown Prince Salman bin Abdul Aziz is currently on a three-day visit to India that is expected to boost ties between India and Saudi Arabia.
Alrabiah said Tata Group's other companies including Tata Consultancy Services (TCS) and Tata Steel are also having significant business engagements with Saudi Arabia and have shown commitment to expand further, the report said.
Tata Steel won an order last year to supply rails for a new high speed rail line linking the two holy cities of Makkah and Madinah, the minister said.
Saudi Arabia is India's fourth largest trade partner with bilateral trade of over $43 billion in 2012-13. The kingdom is also India's largest crude oil supplier accounting for about one-fifth of total imports in 2012-13, the report said.