It's not that there had been no innovation inside Tata Group, the
117-year-old Indian powerhouse responsible for that nation's first
steel mill, power plant, and airline, among other achievements. But
when India's long protected economy was opened in 1991, Chairman
Ratan Tata decided that for his companies to survive and thrive in
a global economy he had to make innovation a priority-and build it
into the DNA of the Tata group so that every employee at every
company might think and act like an innovator.
Today those 15 companies have produced such innovative products as
the $2,000 Tata Nano car, and includes firms such as Tata
Consultancy Services (TCS), the Mumbai-based IT services and
outsourcing power, which earned almost $6 billion in revenues in
2008.
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