Home / Business / #Contribution: Tata Sons contributed £8 billion to UK economy and supports 65,000 jobs

#Contribution: Tata Sons contributed £8 billion to UK economy and supports 65,000 jobs

India’s Tata Group contributed more than £8 billion to the British economy in the last financial year whilst supporting 65,000 jobs across the UK, according to figures released by the company on Wednesday.

Group chairman Cyrus P Mistry told the company’s Annual Group Leadership Conference that Tata invested more than £6 billion in operations worldwide during a year when revenues grew from £66 billion to just under £70 billion.

Nearly 68 per cent of those revenues came from international markets, including the UK and Europe.

The Tata Group’s UK ventures include Jaguar Land Rover (JLR), the country’s biggest investor in R&D in the manufacturing sector; Tetley, the second-largest tea brand globally and among the most popular tea brands in the UK, and Tata Consultancy Services (TCS), which serves more than 350 clients in Europe, including British Airways, BT, Marks & Spencer and the UK Home Office.

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