Digital, new energy, health set to be Tatas’ strategy themes: Group chairperson N. Chandrasekaran

Digital, new energy, supply chain resilience and health will be the themes of the over $100-billion Tata Group’s strategy going forward, according to its chairman N. Chandrasekaran, even as he asserted that all ambitions were contingent on learning to live with the coronavirus.

In his New Year address to the more than eight lakh employees of the salt-to-software conglomerate, Mr. Chandrasekaran said businesses and society must adapt to the virus by preparing as ‘best as we can for new outbreaks and variants. We are seeing this now with the spread of Omicron.’

Reflecting on the year gone by, he said the group is becoming ‘simpler and financially stronger than we have been in a long time.’

“We have also made good progress addressing our carbon footprint and positioning our companies to benefit from revolutionary new technologies. Our most important milestone this year culminated in our bid to win Air India. It is indeed a historic moment,” he said.

On the way forward, he said, “Our strategy, looking ahead, has four themes: digital, new energy, supply chain resilience, and health. Our companies are already adapting to these changes, and we are witnessing a stronger performance.”

The group’s new pilots and businesses, from 5G to TataNeu (digital platform) and Tata Electronics, are poised to benefit from these four themes going forward.

He said as a business, the group can play its part in the evolution of India, with its ambitions to become a $3 trillion economy by 2024.