ARTICLE: Tata sets wheels in motion for Ford deal, By Mark Kleinman, Telegraph, 18/07/2007

Sebastian Mallaby wrote recently about state-directed investment funds being the next hot topic in globalization, and I agree. But this sort of demonstrated New Core ascendancy, as Shiva put it, is likely to attract even more heat. We always focus such attention on China (e.g., Sinopec, Lenovo), but India's rising MNCs are also very impressive. Tata is the King Kong in India. The family underwrote most of India's cost in hosting the International Fleet Review of 2001 that I attended, meaning they bought my biz-class tickets, got me the nice room for a week, the driver, the car--the works.

Thanks to Shiva Polefka for sending this.