The Tata Group, a diverse conglomerate, is gearing up to unveil its significant investment plans in semiconductor and mobile battery manufacturing ventures, as announced by Natarajan Chandrasekaran, Chairman of Tata Sons, during the acceptance of the MMA-Amalgamations Business Leadership Award 2023. Chandrasekaran revealed that the group is poised to announce investments in semiconductor manufacturing shortly, along with ventures into mobile battery products.
Highlighting the group's focus on diversification, Chandrasekaran emphasized their forthcoming endeavors in the mobile phone sector, portraying this move as just the beginning of a broader strategic initiative. He underscored the Tata Group's meticulous approach towards selecting business opportunities, stating their commitment to exiting less profitable ventures and concentrating on enhancing the performance and scalability of existing businesses.
Reflecting on his leadership journey, Chandrasekaran emphasized the primacy of values over financial valuations in business decisions. He stressed that while businesses can influence inputs, outcomes such as valuations are contingent on various factors beyond direct control.
Drawing an analogy between business operations and athletic training, Chandrasekaran emphasized the importance of adaptability and agility for enterprises to thrive in dynamic environments. He encouraged companies to focus on delivering value to customers rather than fixating on competition.
Praising the initiatives under Prime Minister Narendra Modi's leadership, Chandrasekaran lauded the government's efforts in fostering a conducive business environment, attracting global investment, and positioning India as a preferred destination for manufacturing and sourcing. He noted India's evolving role in geopolitics, suggesting that the country is carving out its niche in the emerging global order.
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