British industry hurt by costs, 'dying' supply chain: Ratan Tata

LONDON Tue Dec 4, 2012 8:05pm EST

LONDON Dec 5 (Reuters) - Ratan Tata, the chairman of Tata Group, has said that British industry is being hit by costs and a "dying" supply chain, in an interview with a British newspaper published on Wednesday.

India's Tata group owns Jaguar Land Rover, Tata Steel and Tetley Tea in Britain, and operates 19 companies with a 45,000-strong workforce across Europe, according to its website.

"The economic situation, the high cost of undertaking manufacturing, the supply chain - which is dying out as manufacturing undergoes hardship - make the UK not the first place you would look at to make a manufacturing investment," Tata told the Daily Telegraph.

British manufacturing continued to shrink in November, [ID: L5E8N34B0] according to surveys released on Monday, just two days before the UK finance minister, George Osborne, outlines his half-yearly budget statement.

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