Bata India looks to China for components
28/05/2001
Local reports say that Canada’s Bata Shoe organisation is considering increasing its 51% stake in its Bata India subsidiary, and that the Indian company is looking to outsource a higher proportion of its components from China.
The news follows on from the appointment a new senior management team at Bata India and new managing director, C. Mozaria, earlier in the year.
Shares in Bata India rose 15% with the announcement.