Globally Successful AND Socially Responsible -- India's Tata Group

India's Tata Group has again grabbed global attention with the recent announcement that a subsidiary, Tata Steel, has acquired the U.K.’s Corus Group for $7.7 billion. This makes it the largest foreign deal by an Indian company ever. Newsweek ran a full spread on the Tata Group this week, in effect sealing its global stature.

Tata's expansion plans are not limited to the industrialized countries. They foresee forays into emerging markets, including Argentina, Indonesia, South, Africa, Brazil, and Uruguay. Commenting on his strategy for expansion in emerging markets, Tata's CEO says his firm invests in nations where there is a need for company’s existing products or the market is too small to interest other multinationals.

Our Innovations in Emerging Markets blog regularly posts on the Tata Group and their global reach. The company's track record of south-south investments is impressive. In African countries in particular, the striking characteristic of this successful company's presence is not only that it is long-standing but that it emphasizes social responsibility just as much as growth.

Comments

[Katie]

I was on the Social Venture Network’s website today and came across this contest for socially responsible business leaders: www.svn.org/imaginewhatsnext. It looks like a great way to reward new businesses for working toward the greater good.