|Founder of Tata Steel.Jamsetji Tata.twitter.com|
and it happened to be the first iron and steel factory in India. The Tata group is not only a major group of compantes in India, but one of the leading successful companies in the world. The group is actively involved in the business of production in innumerable products covering heavy equipments to salt. This group has been a major player in the production of iron and steel for more than a century and now it is a leading multinational company. The beginning of the Tata Iron and Steel company is an interesting one.
|Tata Steel Plant,Jamshedpur,India.campusdiaries.com|
|The Tata Centre on Nehru Street,in Kolkata, India. en.wikipedia. org|
After initial survey and upon some exploratory work in the hilly place, the Mr. Weld declared that they had at last found what they had been looking for - high quality iron ore deposits with good reserves that would last for a long time. Rajhara Hills had one of the finest ores in the world. But there was a problem. The region was dry and water, necessary for running the iron factory, was not to be found nearby. However,it was a very important discovery of iron ore deposits in India. Thanks to Dorabji Tata and American geologist Weld. This interesting discovery by them with the help of the tribes - Agarias that would later supply the giant Bhilai Steel Plant.
A few years later a large area of forest was cleared on the banks of the river Subarnarekha to set up the factory and an industrial township – Jamshedpur, now a major industrial city in the state of Jaharkhand. Here there was sufficient water available near iron ore deposits. The Tata Iron and Steel Company (TISCO) that came up began producing steel in 1912. TISCO was set up at an opportune time when there was an increasing demand for steel. All through the late nineteenth century, India was importing British steel for her requirements. Expansion of the railways in British India had provided a huge market for rails that Britain produced. Now Tata Steel company, one of the biggest in the world,has operations in 26 countries.
"Tatas hungry for more". Business Standard. 3 February 2007. Retrieved 31 August 2013.
"Unabated appetite for global growth". Financial Express. 30 April 2007. Retrieved 31 August 2013.
"Tata Steel's Jamshedpur expansion on course: Tata". Economic Times. 3 August 2011. Retrieved 31 August 2013.