It comes after the success of the Aadhaar-enabled fertiliser distribution system in collaboration with the Andhra govt
Moving from just aiding non-government organisations (NGO) to funding 'socially relevant' startups, Tata Trusts in association with Department of Science and Technology (DST) and Lockheed Martin would invest around $20 million over a period of 10 years in new companies.According to officials at Tata Trusts, startups which help in providing solutions to issues such as waste water management, traffic management, might be even made part of the group and taken on an expansion route. The company hopes that such companies might also help it in its smart city play and help in future smart city projects. According to DST, the 500 startups aided in the first 10 years of the programme for a mere $10 million are now combined valued at over a billion dollars.The programme to help startups under India Innovation Growth Programme 2.0 would be rolled out by Ratan N. Tata, Chairman, Tata Trusts, Ashutosh Sharma, secretary DST, and George Strandridge, vice president, business development, Lockheed ...
The responsibility to be informed of Tata Trusts' assets and to protect them vests with the trustees
In a joint letter to the board members of group companies, including TCS, Tata Motors, Tata Chemicals, and Tata Power, among others, the civil society organisations raised alarm and expressed their unhappiness about unwarranted questions being asked about Tata Trusts
Swatha Kutumbam, the health insurance scheme is for the marginalised communities
According to the venture head, they will work in few verticals in the beginning, like, health, water, sanitation and energy
Tata Trusts will set up these initiatives along with strategic and technical advisory support
Under the MoU both org will collaborate to develop end-to-end value chains for agricultural products, converge best agricultural technologies to scale up precision farming systems
State seeks to improve nutrition, governance, data management, healthcare, education and literacy initiatives