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Tata Group’s future growth will hinge on four themes

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N Chandrasekaran, Chairman of Tata Group, said that the future growth strategy of Tata Group will be based on four themes-digitalization, new energy, supply chain flexibility and health.
“Our company is already adapting to these changes… Our new pilots and businesses, from 5G to TataNeu and Tata Electronics, are ready to benefit from our future themes,” Chandrasekaran’s New Year message to group company employees on Monday Said in.

“As a company, we can play our role in the development of India, and its ambition is to become an economy worth 3 trillion US dollars by 2024,” he said, noting that the International Monetary Fund (IMF) predicts the Indian economy It will increase by 8.5% this fiscal year, which is much higher than the global average of 4.9%. He said that its “3S” strategy-simplification, synergy and scale-helped the group become simpler and financially stronger than it has been in the long term.

“The group must continue to push itself to be simpler, more sustainable, and more technologically advanced. If we do this, we can push our company and the country forward.”

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Looking back on 2021, Chandrasekaran said: “Our most important milestone this year is our victory in Air India. This is indeed a historic moment in the future.” He said that the group is addressing the carbon footprint and positioning the company to learn from revolutionary new technologies. Good progress has been made in terms of benefit, and he added that the group company not only performed well in terms of financial performance, but also performed well in implementing the transformation agenda.

The chairman thanked the employees of Tata Group and their families for their selfless efforts in the second wave of pandemic. “We have met the challenge and demonstrated the courage and selflessness in the Tata spirit. We have provided oxygen to the hospital and expanded medical care capabilities so that more people can get the treatment they need.”

Although India’s vaccination program has established a huge protective wall, and Omicron infection appears to be mild, Chandrasekaran warned employees not to relax their vigilance and urged them to follow the latest health regulations, including booster injections when they have time.

“All ambitions depend on a more immediate problem: learning to coexist with the coronavirus. Businesses and society must adapt to it by preparing as much as possible for new outbreaks and mutations,” he said.

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“I am optimistic about what we can do in the next few years,” he wrote. “Recent success has provided a great development platform for our team. I am excited about the heights I know we can reach, not only economically, but also in terms of the changes we can bring to the community. We can , Sustainability and skills development to set new standards.”

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