Thanks for sharing FMF!
Some interesting comments from Tata Technologies CEO, Warren Harris, here in an article published November 2023.
Tata Tech could explore opportunities in high-tech, medical equipment soon, says CEO Warren Harris
"India will be the engineering, research, and development hub for the global manufacturing company," says Warren Harris, Chief Executive Officer and MD of Tata Technologies Ltd.
In an exclusive conversation with ETMarkets, Tata Technologies CEO Warren Harris opened up about the company's future plans, Tata Tech's IPO, and the Indian market. Harris said that although Tata Technologies' focus will remain the same, the company could explore opportunities in high-tech and medical equipment in the future. Calling India an "increasingly important market", he added that it could follow in the footsteps of the IT industry when it comes to manufacturing.
Over 30% of Tata Technologies' revenue comes from India. It is quite a huge chunk. Where do you see the company in the next five years when it comes to India? What growth potential do you see in India?
We are an Indian company. We are very proud of our position in India. We believe India will follow the trajectory that the IT services industry has undertaken over the last 30 years. We firmly believe that because of the demographic advantage, and India's credentials in and around delivering professional services at scale, India will be the engineering, research, and development (ERND) hub for the global manufacturing company. We think India will deliver services to different parts of the world... so we are investing in people and, we are investing in the customers as well.
When it comes to aerospace, the group has invested in Air India and procured over $100 billion in aircraft. As far as global aerospace markets are concerned, India's significant influence will provide us with headwinds. The number of aircraft will double in the next 20 years, and much of the demand is going to come from India. India is not only going to be a source of resources and skills but it's going to be an increasingly important market going forward."
About 80% of the solutions that the company provides are for professional services and the remaining 20% is the technology business. Tata Tech is already into automotive, aerospace and heavy industry machinery. What other sectors Tata Technologies aims to focus on when it comes to expansion plans? Will the focus remain the same?
The focus will remain the same. We are first and foremost a professional services company and that's where we are primarily focused on investing & growing.
In terms of industry focus, we think there is more than enough opportunity in automotive, aerospace, transport & construction heavy machinery. In automotive, farm, highway construction, and mining equipment (opportunity) is there - (as) typically that industry follows the automotive sector and so we have started to see a demand curve in the automotive industry. But we do see associating opportunities in 
hi-tech and medical equipment. We are working closely with chip manufacturers as well to deliver software-defined vehicle solutions to customers. The relationships and partnerships will provide us with opportunities in other verticals that we will look at seriously in the future."
We are first and foremost a professional services company and that's where we are primarily focused on investing & growing. In terms of industry focus, we think there is more than enough opportunity in automotive, aerospace, transport & construction heavy machinery. In automotive, farm, highway...
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