Hilmy’s take on why Tata Sons Chairman’s visit is significant

Hilmy Cader

With a population of 1.4 billion and among the fastest growing economies in the world, Sri Lanka is in a vantage position to benefit and learn from the world’s sixth largest economy. Within India, Sri Lanka should further strengthen its strategic relationship with the Tata group.  

The visit by Tata Sons Chairman Natarajan Chandrasekaran to Sri Lanka is a great move for Sri Lanka – at a time of economic restructuring. 
“It is encouraging to see Sri Lanka taking a highly focused and customised approach to driving FDIs into Sri Lanka – as opposed to relying on broad-brush promotional campaigns that will take ages to see the benefit of,” said MTI Consulting CEO Hilmy Cader. MTI Consulting recently completed working on the India Enterprise Connectivity Strategy with Tata Tele-Business Services. Tata is among the most diversified global entities, more importantly respected for its sincere commitment to corporate conduct – that is engrained in the Tata Values. 
The Tata group comprises of over 250+ subsidiary companies, 70+ associates and six joint venture companies across 10 verticals (from aerospace to telecom and media), in more than 100 countries across six continents.

In 2021-2022, the revenue of Tata companies was US $ 128 billion (INR 9.6 trillion), with a market capitalisation of US $ 311 billion (INR 23.6 trillion) as at March 31, 2022. Collectively, these companies employ over 935,000 people