Tata International Expands in Lagos Free Zone, Nigeria

HIMTEX

Tata International Expands in Lagos Free Zone, Nigeria

Tata International Ltd is set to expand operations in Nigeria through a strategic partnership with the Lagos Free Zone (LFZ). The agreement was signed in the presence of Anand Sen, Managing Director, Tata International Ltd, and Len Brand, Managing Director, Tata Africa Holdings Pty Ltd. This marks a significant milestone in the company's commitment to the region.

With a rich legacy spanning over four decades, Tata International is a key contributor to the economic landscape of the African continent. In 2006, Tata International established operations in Nigeria and, since then, has made a significant contribution to the country, upholding the core values of Tata’s business ethics and commitment 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 fueling growth in Nigeria and the wider African continent,” says Sen.

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 6,000 sq mt 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 specialization in the region,” stated Brand.

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, recognized as one of the key economies in the continent. “Tata International remains steadfast in its vision to build and sustain relationships in Africa. 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, Member, Tolaram Board, and Managing Director, Infrastructure and Fintech Business, Tolaram Group, commented: “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.”

Dinesh Rathi, CEO and Managing Director, Lagos Free Zone, added, “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.”

 

For more information: www.tatainternational.com