Tata chief warns that world won’t return to pre-Covid norms

The covid -19 pandemic has changed the world and the nature of work. Moreover, this has led to a wide spread acceleration in the adoption of new digital technologies by at least a few years. This also hastened the development of the hybrid model.

However, years of extreme price competition has left only two and a half operators in India’s vast field of the telecom sector. It would seem to be a tragedy if that reduced to two. Sunil Mittal, chairman of Bharti Airtel Ltd., India’s second-largest wireless operator, told the press.

While Tata is a pillar in India’s economy, billionaire Mittal’s firm has been gaining market share, it lags Mukesh Ambani’s Reliance Jio Infocomm Ltd., India’s largest network by number of subscribers. A third player, Vodafone Idea Ltd., is hanging by a thread, with senior executives warning in the past that it may slip into bankruptcy.

That would not be a good result for the telecom sector or Indian consumers, Mittal said. “India is a very large country. It deserves to have three private sector players.”

The world of work won’t go back to pre-Covid norms, Chairman Natarajan Chandrasekaran said, while insisting that the office remains a critical hub and staff will gradually return. Lastly,Chandrasekaran, head of India’s biggest private-sector employer, said workplaces will benefit from allowing staff greater leeway with the help of technology.

When the pandemic hit India in early 2020, the 150-year-old steel-to-airlines conglomerate scrambled to adapt to lockdown restrictions. Tata Consultancy Services Ltd. — its largest company by employee numbers and profitability — nearly half a million workers shifted to working from home.

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