Two important initiatives from the Tatas…and interesting ones at that..
Tatas are the largest Corporate Owner of Agricultural land (24,000 hectares)
1. Tieing up with the Israeli company for Defense sector
The Tata group is in talks with Israel`s Rafael Armament Development Authority to form a joint venture to compete for the supply of defence systems to the Indian Army.
2. Foray into Corporate Farming
In what could be the country’s largest corporate farming initiative, the Tata group’s newly-created Amalgamated Plantations is looking at an "organised corporate farming" proposal that will leverage the country’s burgeoning organised retail grocery business.
The initiative plans to go beyond plantation management to enhance productivity and add value to feed the demand from the new grocery retail chains.
The proposal is part of a reorganisation of Tata Tea’s plantation business last week, when it announced the transfer of its North Indian tea plantation business in Assam and Dooars in north Bengal to Amalgamated Plantations.
Tata Tea, IL&FS and International Finance Corporation have 20 per cent each in the company, and the balance is to be split among Hardeep Singh, chairman, Amalgamated Plantations, consultant Ranjit Barthakur’s Globally Managed Services and the company’s employees.
The company says it is the country’s largest corporate owner of agricultural land with 24,000 hectares (nearly 60,000 acres) under its fold.
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