A history of positive response
Soon after India won her hard fought battle for independence in 1947, the country was hit by the Partition and its after-effects. In the next couple of years the government had the task of nation building to make India self-sufficient. Serious efforts began to boost industry and commerce and build a stable economy.
Tata Steel respondsThe Tatas were ready to take part in the Herculean task of nation building. The badly needed steel for the new Five-year Plans came from the Tata factory – steel for the Howrah Bridge in Kolkata, the Bhakra Nangal project, the Damodar Valley Corporation and many more important projects. Tata Steel played a key role in the recreation of post-independence India.
Initiatives such as Leave with Pay, the Workers’ Provident Fund Scheme, the Workmens’ Accident Compensation Scheme, Maternity Benefits, Eight-Hour Working Days, Free Medical Aid, Retirement Gratuity and Profit Sharing Bonus were introduced by Tata Steel long before they were enforced by law.