Latest news with #NChandrasekaran
Time of India
6 days ago
- Business
- Time of India
Andhra's economic revamp: Naidu rolls out roadmap to cross $2 trillion mark; eyes Rs 30 lakh crore investment in 5 years
Over the upcoming 2 decades, Andhra Pradesh might evolve into a $2 trillion state economy! A state taskforce led by CM N Chandrababu Naidu has laid out a roadmap to turn the state into a $2.4 trillion economy by 2047. The taskforce is co-chaired by Tata Sons chairman N Chandrasekaran and includes top industry leaders. Naidu said that the state aims for a per capita income of $42,000 by 2047 and plans to attract Rs 30 lakh crore in investments over the next five years. The map identified fifteen key districts that might contribute $1.72 trillion to the target. The framework focuses on identifying district-level growth areas, improving ease of doing business, and building infrastructure to support long-term development. It also highlighted investment opportunities in sectors such as medtech, marine products, and data centres in Visakhapatnam, as per an ET report. Tirupati is eyed for its electronics, defence, and space potential. The plan includes AI-driven solutions for health and education in NTR district, along with proposals for an AI City and Quantum Valley in Guntur. The report also suggested setting up independent institutions like a public debt management cell, a fiscal responsibility monitoring agency, and bodies to drive state-level transformation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ana-yurt: New Container Houses (Prices May Surprise You) Container House | Search Ads Search Now Undo The report highlights key sectors expected to drive growth, including agriculture, information technology, artificial intelligence, data, chemicals and petrochemicals, and the automotive industry. A third of this is expected to come from the green energy sector. 'Achieving this ambitious target will require sustained annual growth of 15%,' he was quoted as saying. At the launch of the report, Chandrasekaran said that the goal is to unlock the potential of each region using technology, sustainability, and inclusion as the guiding principles. Other taskforce members include Chandrajit Banerjee, director general CII; Preetha Reddy, executive vice chairperson, Apollo Hospitals Enterprise; GM Rao, group chairman, GMR Group; and SN Subrahmanyan, chairman & managing director, Larsen & Toubro. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
7 days ago
- Business
- Time of India
Chandra & Chandra's Andhra Pradesh road map: Push ease & speed of doing business
New Delhi: A taskforce chaired by Andhra Pradesh chief minister N Chandrababu Naidu to build a framework for making the state a $2.4-trillion economy by 2047 has recommended district level growth points with focus on ease and speed of doing business and setting up infrastructure to enable growth in the state. The panel is co-chaired by Tata Sons executive chairman N Chandrasekaran and has India Inc captains as its members. Explore courses from Top Institutes in Select a Course Category The report has identified district-level growth areas and investment opportunities like medtech, blue economy, marine products and data centres in Visakhapatnam; consumer electronics, robotics, space, and defence in Tirupati; AI-driven solutions in health & education in NTR; and AI City and Quantum Valley in Guntur. It has identified top 15 districts that will likely contribute $1.72 trillion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Broader fiscal measures including setting up an independent agency to monitor compliance of fiscal responsibility, setting up state institutions of transformation and establishing an independent public debt management cell were suggested as policy interventions. The report has also identified key segments driving growth, focussing on agriculture, information technology, artificial intelligence, data, chemicals and petrochemicals, and automative industry. Naidu said the report "envisions Andhra Pradesh as a $2.4 trillion economy by 2047 with a per capita income of $42,000, in alignment with the national aspiration of Viksit Bharat @2047." He reiterated that the state is looking to attract investments of ₹30 lakh crore in the next five years. Of this, a third is likely to come from the green energy sector. "Achieving this ambitious target will require sustained annual growth of 15%," he said. Live Events "The plan is to unlock the potential of each region. There is focus on inclusion, latest technology, artificial intelligence, sustainability," Tata Sons' Chandrasekaran said, while addressing the gathering at the launch of the report. Other nine members of the task force included Chandrajit Banerjee, director general CII; Preetha Reddy, executive vice chairperson, Apollo Hospitals Enterprise; GM Rao, group chairman, GMR Group; and SN Subrahmanyan, chairman & managing director, Larsen & Toubro.
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Business Standard
15-07-2025
- Business
- Business Standard
Best of BS Opinion: From Delhi's IBC fix to Bengal's industrial reset bid
It always starts with a few raindrops. A hesitant drizzle tapping gently on windowpanes, the scent of damp earth rushing through the air, the sky unsure whether to break open or pull back. You pause. Look up. And somehow, instinctively, you know: the season is changing. The first signs of transformation rarely arrive with fanfare. They slip into our routines, barely noticed, easily dismissed, yet carry the weight of larger shifts. Similarly, across India's boardrooms, legislative halls, and corridors of power, we see such signs: tentative, scattered, but unmistakably signalling that something deeper is afoot. Let's dive in. In Delhi, the government seems ready to admit that the Insolvency and Bankruptcy Code needs more than minor tweaks. As our first editorial outlines, the Parliamentary Standing Committee has recommended exclusive NCLT and NCLAT benches to unclog IBC's resolution process, where cases drag nearly twice the permitted limit. The hope? With amendments expected in the Monsoon Session, this might just be the breeze before the downpour. In Bengal, too, the air is thick with irony and anticipation. Mamata Banerjee, once the fiercest critic of Tata's industrial push in Singur, is now seeking their investment ahead of state elections. But as our second editorial shows, a single meeting with N Chandrasekaran won't undo years of investor scepticism. Wooing investors is only half the job. Bengal must also tackle its deep-rooted anti-industry perceptions if it wants more than token showers of investment. Meanwhile, Akash Prakash raises a thunderous question: Why are Indian entrepreneurs afraid to take long-term risks? Our obsession with margins and capital efficiency, he argues, is holding us back from global dominance. Unlike China or the US, our ecosystem still chases safe returns, not disruptive scale. A cultural shift in capital allocation might be India Inc's most urgent stormcloud. Yet, opportunity beckons. Rajeswari Sengupta writes that a rare trade window has opened: the US-China tariff war offers India a low-barrier shot at becoming a global manufacturing hub. But unless we act fast to fix domestic bottlenecks, this chance may evaporate like steam off hot asphalt.
Time of India
14-07-2025
- Business
- Time of India
Tata Group Chairman performs ground breaking of 1.25 bn pound green steel project in UK
Tata Group Chairman N Chandrasekaran on Monday held the ground-breaking ceremony at Port Talbot in the UK to kickstart the construction of a GBP 1.25 billion green steel project to cut down carbon emissions by 90 per cent at the site. The company is transitioning from the blast furnace route to the low-emission electric arc furnace process, which will utilise the locally available scrap. " Tata Steel UK today celebrates a historic milestone in its green transformation journey as Natarajan Chandrasekaran, Chairman of Tata Group, joins government ministers at a groundbreaking event for the company's state-of-the-art Electric Arc Furnace (EAF) facility in Port Talbot," the steel player said in a statement. Chandrasekaran was joined by Tata Steel CEO and Managing Director T V Narendran and Tata Steel UK CEO Rajesh Nair, for ground breaking which marks the official start of construction for the UK's largest low-carbon steelmaking facility. This is part of a GBP 1.25 billion transformation to low CO2 steelmaking, supported by a GBP 500 million investment from the UK Government. The joint investment by Tata Steel and the UK Government in green steelmaking at Port Talbot is the biggest in a generation and will secure 5,000 jobs across Tata Steel UK. Live Events The new EAF is set to be commissioned at the end of 2027 and is expected to reduce Port Talbot's carbon emissions by approximately 90 per cent, equivalent to 5 million tonnes of CO₂ per year, and 50 million tonnes over the next ten years. Chandrasekaran said: "This is an important day for Tata Group, Tata Steel and for the UK. Today's groundbreaking marks not just the beginning of a new Electric Arc Furnace, but a new era for sustainable manufacturing in Britain. At Port Talbot, we are building the foundations of a cleaner, greener future, supporting jobs, driving innovation, and demonstrating our commitment to responsible industry leadership." This project is also part of Tata Group's wider investment in the UK, across steel, automotive, and technology among others, which reflects our deep and enduring partnership with this country, said Chandrasekaran, who is also the chairman of Tata Steel. Business Secretary Jonathan Reynolds said: "This is our Industrial Strategy in action and is great news for Welsh steelmaking backing this crucial Welsh industry, which will give certainty to local communities and thousands of local jobs for years to come. "This government is committed to a bright future for our steel industry, which is why we provided GBP 500 million of funding to make this project possible. Our modern Industrial Strategy will set out how we'll back the sector even further to drive growth and create well-paid jobs across the country, as part of our Plan for Change." Secretary of State for Wales Jo Stevens said: "The UK Government acted decisively to ensure that steelmaking in Port Talbot will continue for generations to come, backing Tata Steel with GBP 500 million to secure its future in the town, along with GBP 80 million to support workers and the wider community. Our Steel Strategy will also deliver GBP 2.5 billion of investment to rebuild the UK industry, maintain jobs and drive growth. First Minister Eluned Morgan said: "This is a momentous day for heavy industry in Wales, as the electric arc furnace has secured the long-term future of steel making at Port Talbot. The start of the construction phase is good news for Port Talbot and neighbouring communities, and I'm especially pleased that Tata has committed to employing local contractors and local workers where it can." India-based Tata Steel owned the UK's largest steelworks of 3 million tonnes per annum (MTPA) at Port Talbot in South Wales and employed around 8,000 people across all its operations in that country. To take forward its transition plan, the company shut its upstream operations in a phased manner amid workers' protests and job cuts. At present, Tata Steel UK is using substrate from India and Netherlands operations to service existing customers in the UK. PTI
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Business Standard
13-07-2025
- Business
- Business Standard
After Singur, a new chapter unfolds in Tata Group-West Bengal saga
A meeting between Chief Minister Mamata Banerjee and Tata Group Chairman N Chandrasekaran has rekindled hopes of fresh investments by the group in the state that goes to polls next year Ishita Ayan Dutt Kolkata Listen to This Article A picture is worth a thousand words, it is said. The frame capturing a beaming Tata Group Chairman Natarajan Chandrasekaran as West Bengal Chief Minister Mamata Banerjee greeted him with an uttariya (a traditional stole) at Nabanna, the state secretariat, was also rich in subtext. The July 9 meeting marked the first formal engagement between a Tata Group Chairman and Banerjee, 14 years after she swept to power in 2011 on the back of a massive agitation against land acquisition that saw the dramatic exit of Tata Motors' Nano project from Singur and reshaped the state's political landscape. After the
