Harvard Business School:
India’s Tata donates $ 50 m
India’s Tata Group has given $ 50 m (Sterling Pound 31.38 m) to the
Harvard Business School, the biggest foreign donation in the US school’s
102-year history, a BBC release said.
Ratan Tata |
In Sri Lanka, India’s Tata Group has partnerships with Sunshine
Holdings and Watawala Plantations, one of the leading plantations
companies in the country. Sunshine Holdings own the popular tea brands,
Zesta and Watawala Kahata, which are marketed locally and globally by
Watawala Plantations.
According to the release, the gift will fund a new academic and
residential building - Tata Hall - in Boston for participants of
executive education programs, the school said. Tata Group Chairman Ratan
Tata is a graduate of Harvard, one of America’s most prestigious
universities.
Its Indian-born dean, Nitin Nohria, thanked him for a “historic
gift”.
Harvard says more than 9,000 business leaders from around the world
are currently enrolled in its advanced management program, first
launched in 1945.
The multinational Tata Group has 98 companies in industries ranging
from IT services to power generation, and tea production to steel and
motor cars.
With annual sales of $71b (Sterling Pound 46b), Tata is one of
India’s largest businesses.
After taking over as Chairman in 1991, Ratan Tata revamped the
operations of Tata Steel and made it one of the lowest-cost producers in
the world.
He also launched India’s first indigenous car, Indica, which turned
around Tata Motors’ fortunes. The group recently produced Tata Nano,
hailed as the world’s cheapest car. |