Mistry wants Tata employees to show ‘agility, urgency’

Tata Group Chairman Cyrus Mistry, who recently completed three years at the helm of the salt-to-steel conglomerate, asked employees in a New Year message to show “agility and urgency” as the year ahead would test the group’s resilience and also present new paths to both expand and seed new businesses.

“Tata companies will have to stay on top of emerging technologies, particularly in the digital space. They will have to network more closely, blurring, in the process, the boundaries between departments, verticals and businesses,” Mistry wrote.

He also spoke of how the rebalancing of the Chinese economy was showing its impact in many countries.

“While trade flows have been distorted as a result of China’s transition, within China itself the shift to domestic consumption can open new horizons for our companies. Similarly, the signals of a recovery in the US economy portend new possibilities, as do growth-oriented factors in India and across Asia and Africa.”