The group also said it philosophically agrees with PM's vision for the aviation sector, of making it affordable and ensuring it contributes to boosting 'ease of living' for citizens.
Day after a media report speculated major revamp at the group, Ratan Tata said he was 'extremely disappointed' with such reports which can only 'serve to cause disruption'.
Former diplomat wrote to PM Modi requesting waiver of the cooling-off period, will now report directly to Tata Sons executive chairman N. Chandrasekaran.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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