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Tata group conferred with the ASEAN-India Achievement and Excellence Award

Tata group conferred with the ASEAN-India Achievement and Excellence Award
Mumbai, 7th June, 2017: The Tata group was felicitated with the prestigious ASEAN-India Achievement and Excellence Award by the ASEAN India Business Council (AIBC). The honour was given in recognition of the contribution made by the Tata group in strengthening bilateral economic relations between ASEAN (Association of Southeast Asian Nations) and India. The award was received by Mr. K.V. Rao, Resident Director, ASEAN, Tata Sons, on behalf of the Tata group from Mr. Y.B Dato' Seri Ong Ka Chuan, Second Minister of International Trade and Industry of Malaysia, in a ceremony held at Kuala Lumpur.

The award recipients were selected by the organising committee of the ASEAN-India Achievement and Excellence Award in consultation with the Indian High Commissions and Embassies in the region.

Accepting the award, Mr. Rao said, “The Tata group has a long history of engagement with South East Asia and operates in several sectors of the ASEAN economies - technology, trade, services manufacturing, automotive and financial services, etc. Tata companies’ contributions to the communities and sustainability helped them achieve overall business excellence. Tata companies in ASEAN are making steady progress in line with the region’s aspirations and interesting growth prospects.”

Tata group’s presence in South East Asia
The Tata group has more than 30 operating companies in ASEAN, with Singapore as the nodal centre. Tata Steel has manufacturing facilities in Singapore, Malaysia and Thailand. Tata Power and Tata Motors have presence in Indonesia. Tata Motors assembles and distributes commercial vehicles in Thailand and Indonesia, and Tata Consultancy Services has offices across ASEAN and operates a large BPO in the Philippines.

About Tata group
Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising over 100 independent operating companies. The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust'. Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture. In 2015-16, the revenue of Tata companies, taken together, was $103 billion. These companies collectively employ over 660,000 people. Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors and shareholders. There are 29 publicly-listed Tata enterprises with a combined market capitalisation of about $130.13 billion (as on March 31, 2017). Tata companies with significant scale include Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Indian Hotels.