The Hindu : Business : Tata lays stress on social responsibility

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Saturday, Jun 02, 2007
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Tata lays stress on social responsibility

`Public, private sectors have a great deal to look forward to'

— PHOTO: PAUL NORONHA

FELICITATED: S. M. Krishna (second from right), Governor of Maharashtra, felicitating Ratan Tata (left), Chairman, Tata Group, for his outstanding contribution to Indian industry at the Bombay Chamber of Commerce and Industry annual general meeting in Mumbai on Friday. Ranjit Shahani (right), President-designate, Bombay Chamber of Commerce, looks on.

MUMBAI: Tata group Chairman Ratan Tata on Friday asked the private sector to focus on social development of the country.

"While we grow we must not forget the fact that there are numerous people living below the poverty line, especially in rural areas,'' Mr. Tata said at a function organised by the Bombay Chamber of Commerce and Industry at its annual general meeting here.

The chamber also felicitated Mr. Tata for his contribution to industry.

"Both public and private sectors have a great deal to look forward to. But they also have a great deal of responsibility towards the society at large,'' he said.

Mr. Tata said the corporate planning should embody responsibility besides laying down a path for profit maximisation.

At the meeting, Ranjit Shahani, Vice Chairman and Managing Director, Novartis India, has been elected President and Rajiv Lall, Managing Director and CEO of IDFC, Vice President of the chamber for 2007-08. — PTI

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