Mumbai: Exuberant after a thriller deal to acquire Anglo-Dutch steel giant Corus for 11.3 billion dollars, Tata Group supremo Ratan Tata today dubbed the victory as a moment of fulfilment for India." "This will prove to be a visionary move," Tata told reporters within hours of Tata Steel making a winning bid of 608 pence a share for Corus to trump Brazilian CSN that would elevate the group company to the world's fifth largest steel entity.

At the same time, he took a dig at the critics, saying, "When we launched the bid for Corus, many thought it was an audacious move, because an Indian company taking over an European company much larger in size has not happened before."

He said Tata Steel would become a global scale player with footprint in Europe to become the fifth largest steelmaker in the world, while announcing that the present management would be retained and Corus would be integrated with Tata Steel.

"This has demonstrated that Indian industry can step outside of India in the international market as a global player," he said.