Describing startups as embodiment of "creativity and innovation of young India", leading industrialist Ratan Tata, who has made a string of personal investments in new ventures, says he puts money on idea that "excites" him.
"We are going through transformation... There is a whole new world out there. Startups embody creativity and innovation of young India... While evaluating a startup investment, I see if the idea excites me," he said at an event here.
The former Tata Group Chairman said the second criterion he uses is to evaluate founders of the startups.
The Tata Sons Chairman Emeritus has been aggressively investing in startups, ranging from e-commerce firms to cab aggregators. He has invested in firms like Snapdeal, Kaaryah, Urban Ladder, Bluestone, CarDekho, Sabse Technologies, Xiaomi and Ola.
Tata, who served as the Chairman of Tata Sons for over two decades until his retirement in 2012, is also associated as an advisor with some venture capital funds, including Kalaari Capital and Jungle Ventures.
Earlier this week, two companies -- Dogspot and Tracxn -- announced that Tata had invested in these firms in his personal capacity.
Having led the acquisitions of Corus and Jaguar Land Rover during his leadership of the group, Tata said these were "not intuitive but strategic acquisitions".
While JLR has successfully turned around under the Tata, Corus, which was rechristened as Tata Steel Europe has struggled due to slowdown in the continent.
"As far Corus was concerned, at that time we were stuck in delays in mining licences and we couldn't grow and I thought this would be a way to get an international capability," Tata said.
Defending the USD 12 billion acquisition, he said: "I could not be accused of flamboyance as I did not know that the European economy was going to collapse.
The 47 km long Dravyawati River which is located between
Jaisalya village at the foothills of the Nahargarh Fort and the River Dhund, has deteriorated into a nallah, over the last 100 years. At various places, polluted water from nearby areas, garbage and debris have caused comprehensive damage to the condition of this river. The project is scheduled to be completed by October 2018.
The consortium will be responsible for the maintenance of this project for 10 years from the completion of the project. In this project, besides the amortization of 170 MLD polluted water, more than 100 fall structures will be constructed to ensure the availability of water in this channel throughout the year. About 16,000 trees will be planted and 65,000 square meters of green area will be developed under this project.
About TATA Projects Limited:
TATA Projects is one of the fastest growing and most admired infrastructure companies in India. It has expertise in executing large and complex urban and industrial infrastructure projects. As on date the company's order book stands at INR Rs. 18,000 crores; and additionally it has secured L1 position in about Rs. 5,000 crores worth of projects.
TATA Projects operates through its business units - EPC, transmission, transportation, construction and environment, urban infrastructure and quality services.
The company provides turnkey end-to-end solutions to set
up power generation plants, power transmission and distribution systems, fully integrated rail and metro systems, commercial buildings and airports, chemical process plants, water and waste water management solutions, complete mining and metal purification systems.
Some of the projects the company is currently executing include:
1) Construction of the Eastern Dedicated Freight Corridor
2) Delhi Metro Phase 3 Project - 9 km long with 3 bridges and 8 elevated stations
3) Construction of India's largest blast furnace (4600 cum) for NMDC at Nagarnar
4) IT SEZ at Indore (10.8 lakh sq. Feet)
5) High Rise Towers 5 numbers at Bangalore (43 lakh sq. feet)
6) Construction of 1000 kilometres of transmission lines
The company is driven to deliver projects on-time, using world-class project management techniques and has uncompromising standards for safety and sustainability.
For more information, please visit:
http://www.Tataprojects.Com
Media Contact:
Vishal Thapa
Vthapa@perfectrelations.Com
+91-9701834446
Perfect Relations
Photo: http://photos.Prnewswire.Com/prnh/20160805/395993 Source: TATA Projects Limited.
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