Tata Sons chairman N Chandrasekaran has reportedly urged the Tata group companies to embrace artificial intelligence and technology to boost business growth amid a challenging geopolitical landscape.
An ET report, citing Chandrasekaran, said that Tata Electronics turned out to be one of the top ten businesses in the Tata Group in terms of revenue.
Additionally, new ventures of the group are also witnessing strong momentum in growth and profitability, it added.
Tata is at the forefront of India’s semiconductor manufacturing space. The Union Cabinet last year a to be set up by the Tata Group in partnership with Taiwan’s Powerchip Semiconductor Manufacturing Corp (PSMC).
Tata Electronics Pvt Ltd’s (TEPL’s) semiconductor fabrication plant will come up in Gujarat’s Dholera with a capacity of 50,000 wafers per month.
Chandrasekharan also highlighted the importance of domestic growth and cautioned against being distracted or making hasty decisions amid a volatile geo-political landscape in the aftermath of the US announcing reciprocal tariffs.
(The story will be updated soon)
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