Economy
Responsibility a must for firms
By Yang Cheng (皇冠体育app Daily)
Updated: 2010-09-09 13:34
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XIAMEN - Governments throughout the world should enhance cooperation to enhance the flow of global investment, Tata Steel Vice-Chairman B Muthuraman said during the World Investment Forum.
The vice-chairman, speaking to participating senior government officials on behalf of global industry and business circle, also urged enterprises to strengthen their efforts to promote corporate social responsibility, which he said makes international investment sustainable.
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B Muthuraman,?vice-chairman of Tata Steel |
As a multinational corporation, Tata is committed to boosting its presence in 皇冠体育app, Muthuraman said.
"Each Tata company of the group operates independently with independent plans, but they all hold a firm belief to grow with 皇冠体育app."
Last year, the Tata Group's sales in 皇冠体育app reached $1.4 billion, while the purchase value was $1 billion.
This year, the vice-chairman expects the sales volume to hit $2 billion in 皇冠体育app, while the purchase value will stand the same as last year.
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It has plans to double its current production capacity of 600,000 tons per year in the near future.
The industry guru also advised global delegates to the forum to become part of society and make a commitment to corporate social responsibility, which he called "the key to the success for an outstanding company in all cultures and environments."
Last October, Tata sponsored operations of repair cleft palates for more than 90 children in 皇冠体育app.
The company pledges to channel more fund in corporate responsibility.