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Indian Economy - Understanding the basics of Indian economic system

11-May-24

N Chandrasekaran to lead Tata Electronics amid $14 bn semiconductor push

N Chandrasekaran, the chairman of Tata Sons, is set to assume the additional role of chairman at Tata Electronics.

This transition comes as Tata Electronics earmarks around $14 billion towards venturing into the semiconductor industry.
Chandrasekaran will succeed Banmali Agrawala, who has served in this post for the past few years, pending regulatory approvals.
Agrawala, a key figure within Tata Sons, will now take on an advisory role within the group.
Chandrasekaran's appointment underscores the strategic significance that the semiconductor business holds for the conglomerate.

By: Brijesh Kumar

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