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Indian industrial empire redefines bottom line: Michael Smith reports on Tata's army of worker-volunteers, who produce social capital as well as profits [India]

Author: Michael Smith, Guardian [UK], Published on: 10 April 2003

The Tata group, one of India's largest private sector conglomerates (involving about 80 companies), is renowned worldwide for its commitment to social welfare...Housing for employees, company-run hospitals and schools, and rural development projects such road building, tree planting and well digging are all part of the Tata package...But now Tata's social ethos is under threat because of the forces of globalisation...The company has also sought the help of the Confederation of Indian Industries, in creating a network of like-minded companies that maintain community initiatives. They include Thermax and Forbes Marshall engineering in Pune and TVS, the scooters and automotive giant based in Bangalore.

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Related companies: Forbes Marshall Tata Group Thermax TVS