Mumbai: Tata one of India’s best known brands globally, have cut business ties with Russia as the corporate fallout from the invasion of Ukraine spreads. On Wednesday, Tata Steel, which defines the heritage of the 154-year-old Tata conglomerate, said it has taken a “conscious decision to stop doing business with Russia”.

Previously, British sister concern Jaguar Land Rover (JLR) paused vehicle shipments to Russia citing “trading challenges”. JLR sold over 13,000 luxury vehicles in Russia last year. Tata Steel sourced raw materials, mainly coal, from Russia to produce the metal. “To ensure business continuity, all our steel manufacturing sites in India, the UK and the Netherlands have sourced alternative supplies of raw materials to end its dependence on Russia,” the company said.

India has not imposed any sanctions on Russia and has also not criticised its invasion of Ukraine. “The EU will end their business ties and our businesses in the UK and Netherlands are part of this decision,” Reuters reported, quoting a Tata Steel executive.

Last week, Infosys, India’s no.2 software services company, said it would move business out of Russia and pursue alternate options. Infosys employs less than 100 people in that country. Larger rival TCS — part of the Tata conglomerate — had said though it does not have any operations in Russia, it is helping clients maintain their business continuity plans as well as sees an opportunity to ramp up hiring in Eastern Europe, where it employs about 5,000 people. “A lot of people have migrated out of Ukraine to countries like Poland and Hungary. They are asking for jobs which gives us an opportunity to increase local hiring there,” TCS CEO Rajesh Gopinathan had said.

Sister concern Tata Power, which had bagged a mining licence for a thermal coal mine in Kamchatka province in Russia for $4.7 million in 2017, has recently applied for its cancellation.

https://www.google.com/amp/s/m.timesofindia.com/business/india-business/tata-steel-will-stop-doing-biz-with-russia/amp_articleshow/90966044.cms

Mynd44 Lalasticlala Seun

E concern them
If them like, make Putin kill every last Ukrainian, if Zelensky like, make him kill every last Russia...nothing consign me

As long as the media and international community keep silent about the Ethiopian war that has been on ground since 2020 with almost over half a million deaths,, then anything concerning Russia and Ukraine does not concern me

I won't advise you to emulate me though

TATA though Indian, owns LandRover, makers of the LandRover and RangeRover series, a British mega luxury car company. So what were you expecting? That the UK would allow inputs from Russia to be used in making their cars?

TheMensch:

E concern them
If them like, make Putin kill every last Ukrainian, if Zelensky like, make him kill every last Russia...nothing consign me

As long as the media and international community keep silent about the Ethiopian war that has been on ground since 2020 with almost over half a million deaths,, then anything concerning Russia and Ukraine does not concern me

I won't advise you to emulate me though

always blaming others for your failure…

And Putin is crying over this?
There is a reason why strong men are strong men