Try GOLD - Free
TATA STEEL IS ORIGINAL MAKE IN INDIA STORY, SAYS GLOBAL CEO
Outlook Business
|August 2023
Tata Steel has become one of the leading steel manufacturers across the globe in the last 116 years. The company is hopeful of lasting another 100 years on the back of its multi-generational employees and a people-centric work culture. With clear focus and targets in sight, T.V. Narendran, chief executive officer and managing director of Tata Steel, tells Suchetana Ray and Rajat Mishra how a large part of its future growth will take place in India due to the infra push of the government and its investment in future and sustainable technology

How has Tata Steel navigated challenges in the last 100 years?
Tata Steel, obviously, is the original Make in India story. The idea of Atmanirbhar Bharat that we are talking about is what drove the founder of the Tata Group to set up Tata Steel, Tata Power and Indian Institute of Science, among other notable institutions of modern India. But what is interesting about the origins of Tata Steel is that the best talent was brought from across the world to build the steel plant and a township. So, you had the Americans running blast furnaces, the Germans running a steel mill shop and the English running or rolling mills. Those days, it took months to come by ship to India from Europe or America. There were no telephones, so you wrote letters to your family. Imagine the kind of sacrifices people made and the challenges they took to come and build the steel plant here. It is an incredible story.
As the steel plant was being built, World War I broke out, and that came with its own set of challenges. When you have the Germans, the Americans and the British working together, it has its own set of dynamics. It was in recognition of Tata Steel’s contribution to World War I that the British renamed the town of Sakchi as Jamshedpur in honour of the founder Jamsetji Tata.
The 1920s obviously were a challenging time for Tata Steel. I do not know if you know that Mahatma Gandhi sent Netaji Subhash Chandra Bose as the union leader in Tata Steel, saying that India’s first industrial experiment should not fail. We also went through the pandemic, and then there was another world war where, yet again, we played a very big role. The Tatanagar Armoured Car was very successful. It was made from the steel of Tata Steel and the engineering of Tata Motors.
This story is from the August 2023 edition of Outlook Business.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Outlook Business

Outlook Business
Currents of Change
A marine-robotics start-up in Kochi is building underwater drones for inspection, rescue and defence missions in harsh environments
3 mins
September 2025
Outlook Business
Brains Beyond Bots
The age of Al isn’t about replacement of jobs, it’s about the disruption taking place at the core of modern work, with implications we’re only beginning to understand
3 mins
September 2025

Outlook Business
Reclaiming Mines and Cutting Methane
Sustainable mining is about striking a balance and extracting the minerals we need today, without compromising future generations.
1 min
September 2025

Outlook Business
Sputtering Ahead
India must re-energise its Make in India campaign to take on global trade headwinds. Otherwise, it will continue to suffer from bullying by superpowers
6 mins
September 2025

Outlook Business
Atmanirbhar Bharat needs atmanirbhar capital
Sanjay Nayar, president of Assocham and founder of venture-capital (VC) firm Sorin Investments, tells Deepsekhar Choudhury and Tarunya Sanjay that while India has seen an explosion of early-stage VC firms, the country continues to lack a deep pool of domestic capital. Edited excerpts
3 mins
September 2025

Outlook Business
'There's a lot of momentum compared to five years ago'
Hemant Mohapatra, partner at Lightspeed India, tells Deepsekhar Choudhury and Tarunya Sanjay why India's start-ups are seeing a surge in scientific ambition. Edited excerpts
3 mins
September 2025

Outlook Business
De-Risking Investments in the Mining Sector
There is an ever increasing demand for minerals in India with the increase in renewable energy deployment, battery storage and electric vehicles. But the mining and minerals sector faces a number of challenges.
1 mins
September 2025

Outlook Business
In the Line of Fire
AI’s rapid rise is wiping out start-ups that once seemed promising. Investors now demand business moats and metrics that can withstand Al disruption
6 mins
September 2025

Outlook Business
Uttar Pradesh's Beacon of Light
Tarai, Kashi Kshetra, and Purvanchal have emerged as prime pillars of development
3 mins
September 2025

Outlook Business
Brands Beyond Borders
We live in an 'attention' economy. Brands are the lighthouses in an attention economy. I have written many times about India building global brands, but our progress is slow.
3 mins
September 2025
Translate
Change font size