India is a country of speedy urbanization, which has turned an agriculture-based economy into an industrial-producing state. As we have seen in recent times, the Indian government introduced many schemes like “Make in India” and “self-reliant” that motivated Indian industrialists to start production in our country, and the government made easy ways to attract large numbers of foreign investments.
Foreign investment refers to the investment in domestic companies and assets of another country by a foreign investor. Large multinational corporations will seek new opportunities for economic growth by opening branches and expanding their investments in other countries.
As India is seeing a huge hike in the area of manufacturing, most of the huge multinational companies are coming to India and building infrastructure, and they are growing with India.
Commercial industrialization joins together with the booming growth of IT and technology. TCS is one of the biggest names that are helping India grow.
The Tata group is contributing to building and environmental reform across the globe and is changing lives and livelihoods. Tata Group and its investors are building an ecosystem that delivers measurable outcomes that bring change.
The Sustainable development goals are a universal call to action to end poverty, protect the planet, and ensure that people enjoy peace and prosperity.
As an example, we can see in India, that the greatest change in EVs is coming from Tata Motors. And as we all know, they are not just selling or producing EVs, but they are creating a whole ecosystem around this industry. In the last few years, we have experienced that Tata Motors’ sales have increased drastically. And mostly, they are investing in upcoming technologies to bring more efficiency.
Software and technology
According to the reports, TCS, Tata Elxsi, and Tata Technologies have been working together, and TCS recently collaborated with General Motors. They are focusing on aiding Tata Power charging stations with their ChargeCore Platform, and in recent times they have set up 300 stations in just 12 weeks.
Finances and Insurance
Tata Capital and Tata Motors Finance have a bigger role in aspiring vehicle owners availing of low-cost loans. Tata AIG has launched special insurance for vehicles and EVs.
Even Tata Capital provides different kinds of personal loans to the public to build their own world. Although they are planning to set up 2000 stations this year, they are aiming to build more than 10,000 stations in the next 5 years. They are talking to petroleum and gas companies to open these stations with petrol pumps.
Infrastructure
Tata infrastructure began much before the freedom of India. Tata Housing is one of India’s leading corporate residential property developers. Tata Projects is a leading and rapidly expanding engineering procurement and construction firm with experience and expertise in executing large, complex industrial and urban infrastructure projects. Tata Power is India’s largest integrated power company and provides power in many cities and villages. There are many more that can be included in this section.
Recently, Tata launched their super app called Tata Neu, the One Door for Every Need of Customers. It caters to software requirements by including salt. Tata has added their new venture, UPI, to this app, which helps people with banking services like money transfers and balance checks. It also gives a great shopping experience. It is a part of Tata digital.
There are many more Tata group companies that are helping India to reform its economy, like Tata Steel, Tata Tea, Tanishq in jewelry, and many companies in the airline business like Air India, Vistara, and Air Asia. Range Rover and Jaguar are talking about taking over the world’s market for luxury cars. Many companies, such as Westside and Titan, provide wearable products.
Tata Hotels is one of the leading five-star hotels that gives a luxury experience.
As simple as it looks, it is not easy to bring all the Tata businesses and services into one article. They have huge market space and businesses in different sectors. And they are reforming India with their vision that is bringing great change in the country’s economy and society.
Edited By: Kiran Maharana
Published By: Akshaj Joshi
