The larger issue is not whether the Tata Sons chairman has performed or not, but whether Tata as a conglomerate has a clear policy on how it is going to allocate capital.
The ex-RBI governor, in an interview, said many firms globally have yet to implement AI at scale, leaving opportunities for the Indian software firms. The transition will be gradual and a large scale displacement is unlikely.
It is estimated the deal would eventually work out to cost around $9 bn at least for 6 submarines—negotiated down by India. Original bid by state-run MDL & TKMS was over Rs 1.2 lakh cr.
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