We need to get Air India up and running, which is my ideal project right now. We want it to be the best airline in the world. N Chandrasekaran, Chairman of Tata Sons and Chairman of Air India, described the task as “huge.”
He stated that the committee has several ideas for revamping the airline.
“Change will not occur overnight. “
As a differentiation, we’ll start with technology, he said, adding, “Air India would be a national airline for me.” It may be owned by the Tatas, but it will be a national carrier.
Chandrasekaran
Right decision
In response to a query about whether buying Air India was a hazardous move, Chandrasekaran said it was the right one.
“Right from the start, I was very clear.
I am grateful for the board’s backing, as well as Ratan Tata’s unwavering support.
We made a cautious bid.
I believe in capital allocation as well, but everything must be based solely on financial considerations,” he remarked at a United Way Chennai event on Thursday.
Chandrasekaran stated that the group’s future plans include the formation of other businesses. The auto industry is undergoing a major transformation, with significant investments being made in renewable energy, electric vehicle batteries, and semiconductor production.
The group is investing a significant amount of money in these ventures.
Three Themes
Three themes, he added, are driving the group’s expansion.
Apart from establishing future enterprises, they are improving core businesses, transforming them digitally and sustainably.
He believes that in order for India to reach its full potential, it must address two major issues: jobs and access. The majority of India lacks access to education and healthcare.
At the same time, a large number of jobs must be created. Currently, this issue is being addressed in its own way. What’s needed is a solution that allows people to gain access while also creating work.
Technology can assist us in this endeavour.
“In terms of India’s future, I am tremendously bullish and optimistic.”
“This is going to be a pivotal decade, the decade that counts,” he predicted.
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