CEO and Managing Director, Tata Steel TV Narendran, has said that India can create opportunity by attracting more investments into the country and opening new doors for global supply chain to shift to India, as well as become more self-sufficient.
Narendran was addressing a TEDxKanke: Webinar Series organised by TEDxKanke. It was streamed live on Facebook page fb.me/tedxkanke20. The event was moderated by Santosh Sharma.
“The philosophy that we also make tomorrow looks for a brighter, better future and represents what Tata Steel will do in the next 10-15 years. Companies that only talk about their past do not create future. Thus, there is need of new campaign that goes beyond We Also Make Steel and connects with the younger generation, which looks for a brighter future. It is about being structurally and culturally ready for the future. Organisational restructuring, financial transformation, adding agility and innovation to the already existing culture,” he noted.
On plans to reach 300 million metric tons of production, the CEO said that currently at 100 million metric tons. The big jump in consumption was to come from spending on infrastructure. Govt. has been increasing the budget for infrastructure, but faces the challenge of how to spend that money amidst the current concerns of fiscal deficits.