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Tata Steel's TV Narendran: India's Economy Positive, Private Investment Surging
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CNBC TV18•22-09-2026, 16:36
Tata Steel's TV Narendran: India's Economy Positive, Private Investment Surging
- •Tata Steel CMD TV Narendran observes a significant pickup in private sector investment across various industries in India.
- •Narendran highlights a positive economic environment with strong activity in the auto and construction sectors, alongside robust demand in both rural and urban markets.
- •Despite rising input costs for materials like coking coal, aluminium, and zinc, Narendran emphasizes the industry's focus on efficiency and competitiveness.
- •He advocates for improving the cost and ease of doing business, continuing infrastructure investment, and developing deeper domestic supply chains to boost manufacturing.
- •Narendran suggests replicating the success of India's auto component industry in sectors like electronic components to build comprehensive domestic value chains.
Key Questions Answered
Tata Steel CMD TV Narendran highlighted that the auto and construction sectors have been quite strong, alongside growing private sector investments in industries like space technology, global capability centres (GCCs), and data centers.
Rising input costs remain a significant challenge due to a dynamic geopolitical environment, with coking coal prices rising by about $60 over six weeks, alongside increases in aluminium and zinc prices.
TV Narendran stated that improving the ease of doing business and infrastructure helps lower costs, while the next crucial step is developing deeper domestic supply-chain ecosystems for electronic components and other sectors.
