Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

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

-  Suchetana Ray and Rajat Mishra

TATA STEEL IS ORIGINAL MAKE IN INDIA STORY, SAYS GLOBAL CEO

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.

MORE STORIES FROM Outlook Business

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

time to read

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

time to read

3 mins

September 2025

Outlook Business

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.

time to read

1 min

September 2025

Outlook Business

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

time to read

6 mins

September 2025

Outlook Business

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

time to read

3 mins

September 2025

Outlook Business

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

time to read

3 mins

September 2025

Outlook Business

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.

time to read

1 mins

September 2025

Outlook Business

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

time to read

6 mins

September 2025

Outlook Business

Outlook Business

Uttar Pradesh's Beacon of Light

Tarai, Kashi Kshetra, and Purvanchal have emerged as prime pillars of development

time to read

3 mins

September 2025

Outlook Business

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.

time to read

3 mins

September 2025

Translate

Share

-
+

Change font size