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UK’s Indian Origin Steel Tycoon Sanjeev Gupta to Create 300 New Jobs in a steel division formerly owned by Tata Steel

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London, May 4, 2017: On Tuesday, Britain’s Indian-origin steel tycoon Sanjeev Gupta announced 300 new jobs and multi-million- pound investments in a steel division formerly owned by Tata Steel.

Gupta’s Liberty House, the industrial and commodities group that is purchasing steel assets around the world, stated it plans to safeguard the future of five sites across the north of England and West Midlands as it formally fulfilled its 100-million-pound acquisition of Tata Steel UK’s Speciality Steels division, a deal announced earlier this year.

Besides, the objective to create new jobs, the move shields at least 1,700 existing jobs at three major sites at Rotherham, Stocksbridge and Brinsworth in South Yorkshire, smaller sites in Bolton, Lancashire and Wednesbury in the West Midlands and two distribution centres in China, mentioned PTI report.

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After this acquisition, Liberty will become one of the largest steel and engineering employers in the UK, with over 4,500 workers.

“The Speciality Steels business is a global leader in its field, with a highly skilled and well-motivated workforce and we are eager to invest so it can grow and achieve its full potential. Today marks a step change for the Liberty House Group because we are taking on strategically important capacity that will drive expansion in the years ahead,” Gupta stated today.

According to PTI report, the Liberty House executive chairman, on an acquisition spree in the US recently, stated the UK investment is aimed at accomplishing his global GreenSteel vision of steel production’s sustainable future, which will ease investment in engineering products and reduction of the supply-chain gaps in the UK, especially in automotive and aerospace sectors.

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Speciality Steels yields a range of high-value steels utilised in the manufacture of vehicles, aircraft, equipment for the oil and gas industry and industrial machinery.

Liberty stated it plans to invest up to 20 million pounds in new plant and equipment in the first year alone to augment competitiveness and safeguard international market leadership for the business, which is being relaunched as Liberty Speciality Steels.

Production from the arc furnaces is anticipated to rise over a million tonnes per annum and there are plans for the bar mill to produce over 400,000 tonnes a year.

The acquisition exhibits a major step forward for Liberty’s GreenSteel strategy as it gives the group the largest arc furnace capacity in the UK, a key component in its plan to ascend low-carbon steel production based on recycling metal in furnaces powered by renewable energy.

The Speciality Steels transaction is the latest in a succession of key acquisitions and business turnarounds undertaken by Liberty House, SIMEC and the broader GFG Alliance over the past three years.

These are comprised of major metal, energy, engineering, property and financial assets in London, West Midlands, Wales and Scotland.

– prepared by Sabhyata Badhwar. Twitter: @SabbyDarkhorse

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Ethnic Indian Jai Sears responds to complaint against the statue of Gandhi in Grenada

Jai Sears wrote in response to a letter on Mahatma Gandhi entitled “Dustbin of history” written by Josiah Rougier

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Gandhi
Mahatama Gandhi, leader of non violence

Jai Sears from Grenada, Caribbean has written a letter to editor in response to complaints against the statue of Gandhi in Grenada. Here is the text:

I write in response to a letter on Mahatma Gandhi entitled “Dustbin of history” written by Josiah Rougier and published in the Grenada newspaper, The New Today (Nov 3, 2017). In his letter, Rougier is asking the Government to remove the bust-statue of Gandhi which overlooks Sauteurs Bay in Grenada where East Indians arrived 160 years ago. Rougier’s opinion is based on the false notion that Gandhi was racist because the Mahatma reportedly considered Indians to be superior to black Africans when he referred to the latter as “kaffirs.”

Gandhi was only 27 years old when he made that contextual statement. If Rougier had done his research, he would have found that Nelson Mandela said: “Gandhi must be forgiven for these prejudices in the context of the time and the circumstances.” The quote can be found in “Gandhi the Prisoner” by Nelson Mandela published in 1995. Gandhi was a man; he was not god. And even god made mistakes.

In favour of Mahatama Gandhi
Photo of Jai Sears

Rougier must instead focus on the Gandhi’s vision of non-violent protest and his belief in satyagraha which inspired rebels and revolutionaries around the world. Gandhi’s ideas influenced leaders of the African National Congress and the struggle by Indians and blacks against white apartheid rule in South Africa. From as early as 1956 when he was 27 years old, Martin Luther King, Jr. referred to Gandhi as “the guiding light of our technique of nonviolent social change.”

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Following the success of his boycott, King contemplated traveling to India to deepen his understanding of Gandhian principles. The fact is that Gandhi saw people of all races, castes, colours and creeds as equal which led to his assassination by a Hindu fanatic in 1948. So who is this unknown Josiah Rougier? Is he as illustrious as the great Nelson Mandela and Martin Luther King? And is he disagreeing with his possible heroes?

A friend to all.
Jai Sears
Grenada, Caribbean