What Corus Sum Can Do
Tata Steel’s recent purchase of Corus is the largest international buyout by an Indian firm.
The $12.1 billion that will be used by Tatas is not a small amount.
An article in the Times of India presents some astonishing figures:
The amount used by Tata steel for the purchase – Rs 54500 crore can be utilized for any one of the following:
-Finance India’s healthcare and education budget for 1.5 years.
-Finance India’s defense budget for six months.
-Finance salaries of all central government employees for 1 year and four months.
-Finance all major subsidies provided by the Indian government for 1 year and three months.
-Can be used to build 4500 kms on expressways in India.
-Can be used to build 80 new AIIMS (All-India Institute of Medical Sciences) across India.