Ratan Tata’s Tata Sons chairman N Chandrasekaran makes big claims, says ‘problem at present is…, issues stem from…’

New Delhi: Tata Sons Chairman N. Chandrasekaran has highlighted that the current issues in global trade are driven not by tariffs but by the breakdown of the decades-old model of globalisation. Chandrasekaran, while speaking at an event in Mumbai, emphasized the complexities of reversing integrated supply chains and the broader implications for global trade dynamics.

While acknowledging that some US tariffs are likely to remain, Chandrasekaran stated, “I personally believe it [tariffs] is not going to go back to zero because once something is announced, some part of it will stay.” He added that the resolution of these issues might vary, either through uniform global agreements or bilateral negotiations.

Chandrasekaran pointed out that globalization traditionally thrived on producing goods in the most efficient locations and selling them where demand was highest. However, recent geopolitical tensions and policy changes have disrupted this approach, making it harder to source talent, access raw materials, and sustain interconnected supply chains.

“Supply chains are integrated, and things cannot change overnight,” he remarked.

Chandrasekaran also informed on the Tata Group’s expansion plans, saying that the company is building seven new factories in sectors such as electric vehicles, batteries, and semiconductors.

These facilities, set to open by 2027, are expected to create employment for 500,000 people, underscoring the group’s commitment to innovation and growth.

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