Tata International plans to grow its business in Nigeria through a strategic alliance with the Lagos Free Zone (LFZ). Len Brand, Managing Director of Tata Africa Holdings Pty Ltd, signed the agreement in the presence of Anand Sen, Managing Director of Tata International Limited. This represents a big step forward in the company's commitment to the region.
Tata International is an important contributor to the African continent's economic environment, with a rich legacy spanning four decades. Tata International launched operations in Nigeria in 2006 and has since made substantial contributions to the country while adhering to Tata's fundamental values of business ethics and dedication to corporate social responsibility.
“As a brand synonymous with quality products and ethical business operations in Africa, Tata International is excited to join the Lagos Free Zone. This strategic move reflects our commitment to fuelling growth in Nigeria and the wider African continent”, says Anand Sen, MD, Tata International.
Promoted by Tolaram, a Singaporean conglomerate with over four decades of experience in Nigeria, LFZ is in Lekki, the sunrise development corridor earmarked by the Lagos State Government for driving industrialization over the next two decades. The agreement with LFZ involves the leasing of a state-of-the-art 6000-square-meter facility within LFZ, a move aimed at enhancing Tata International’s operational capabilities in the region.
"The participation in Lagos Free Zone is the next level of commitment for Tata International's longstanding presence in Nigeria and the African continent as a whole. This collaboration with Tolaram underscores our dedication to fostering economic growth and increased competitiveness. We aim for this partnership to lead to greater efficiency, innovation, and specialisation in the region," added Len Brand, MD of Tata Africa Holdings.
The signing ceremony took place in the Lagos Free Zone area and was attended by key representatives from Tata International, Tolaram and Lagos Free Zone. The event signifies the dawn of a new era in the relationship between the entities, aiming to contribute to economic development in the region and attract new investors to Nigeria, recognised as one of the key economies in the continent.
"Tata International remains steadfast in its vision to build and sustain African relationships. The company's entry into the Lagos Free Zone reaffirms its commitment to creating opportunities and making a positive impact on local communities. We stand by our pledge to strengthen our already robust footprint on the African continent," concluded Brand.
Navin Nahata, a member of the Tolaram Board and the Managing Director of its infrastructure and fintech business, added: “We are delighted that Tata International, one of our most prestigious international clients, has decided to expand their operations in Nigeria through our ready-to-lease Standard Industrial Facility at the LFZ. We are committed to supporting the next phase of growth in Nigeria for Tata International.”
“LFZ is the first and only free zone in Nigeria that is uniquely integrated with the deepest seaport in the region, the Lekki Port, which commenced operations in April 2023. LFZ thus offers a unique location that will provide our valued tenants with seamless and cost-efficient access to domestic, regional, and international markets.”, said Dinesh Rathi, CEO and Managing Director at Lagos Free Zone.
Distributed by APO Group on behalf of Lagos Free Zone (LFZ).
The Tata group and Tata International began the relationship with the African continent in 1977 with the establishment of Tata Zambia. In 1994, the Tata group inaugurated Tata Africa Holdings, in Johannesburg South Africa, now serving as the group's headquarters in the continent. Tata International is present in 12 African countries, namely South Africa, Ghana, Kenya, Ivory Coast, Malawi, Mozambique, Nigeria, Senegal, Tanzania, Uganda, Zambia and Zimbabwe. It operates in automotive, agricultural equipment, farming and farm equipment, chemicals, and healthcare products.
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