India’s extraordinary conglomerate has found unique solutions to many of its problems. But it’s still unclear what will happen when the boss retires. Heather Connon reports from Mumbai in The Observor, UK:
The favourite boast of executives of the Tata Group is that it accompanies the average Indian throughout the day. They wake to the alarm of its Titan clocks, drink its tea or coffee for breakfast, wear clothes bought from its Westside shopping centres, take a Tata car or bus to work on a computer set up by Tata Consultancy Services, lunch in a Tata hotel, arrange their evening appointments on a Tata mobile phone and use Tata power to light their homes.
These days, the influence of the Indian conglomerate is spreading beyond its home country. Back in 2000, it made the first major acquisition by an Indian group when it acquired the Tetley tea company; last year, that was trumped when it bought steelmaker Corus for £6.2bn, while in March it was confirmed as the purchaser of British icons Jaguar and Land-Rover from Ford. Next month, it will make its first foray into UK financial services when New Star launches an Indian investment fund that will be managed by Tata Asset Management.
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It is happy to hear that TATA is going to be a proud to the Indians. We, Indians are prodund of man like Ratan Tata, Dr. APJ Abdul Kalam etc. Governmnent of India must honour him with Bharat Ratna. He brings India glory always.
ANIL KUMAR
Trivandrum Kerala