Tata Sons chairman Cyrus P Mistry on Thursday expressed confidence that Tata Steel is emerging stronger after the difficult times last year with Union Government support.
Addressing a nearly 3000- crowd at the Bistupur postal park before flagging off the pageantry to mark the 177th birth anniversary of J N Tata, founder of the group, Cyrus Mistry said: “We have faced several challenges with China dumping products globally putting pressure on us and the last year has been challenging underling the importance of cheap production and cost control. However, we are overcoming the situation, especially with Union government budget announcing of increased allocation for infrastructure sector.”
The chairman was referring to the recent announcement by Union finance minister Arun Jaitley for a record budgetary allocation of Rs 2.21 lakh crore for infrastructure sector to revive investment in the sector with the participation of private players.
Mistry, visiting the city as chief guest for the fourth time after taking over the group, expressed happiness at the completion of road, sewage and solid waste disposal system undertaken by Tata Steel subsidiary Jusco.
Cyrus further announced that employees of the company and their families will avail digital healthcare system provided by the Tata Main Hospital enabling preventive and predictive family healthcare. later in the day at 12.30 pm Cyrus inaugurated the digital health project at the 950 bed Tata Main Hospital (TMH).