Ratan Tata, the Chairman of Tata Son’s pen down an emotional note just after the govt announced the winning bid for the national carrier Air India. He also thanked the union government for its recent policy of opening up select industries to the private sector.
“Welcome back, Air India,” tweeted Ratan Tata as Tata Sons made a winning bid for the carrier at ₹18,000 crores.
Here is what Ratan Tata said in his note;
THE TATA GROUP WINNING THE BID FOR AIR INDIA IS GREAT NEWS! WHILE ADMITTEDLY IT WILL TAKE CONSIDERABLE EFFORT TO REBUILD AIR INDIA, IT WILL HOPEFULLY PROVIDE A VERY STRONG MARKET OPPORTUNITY TO THE TATA GROUP’S PRESENCE IN THE AVIATION INDUSTRY.
ON AN EMOTIONAL NOTE, AIR INDIA. UNDER THE LEADERSHIP OF MR. J. R. D. TATA HAD. AT ONE TIME, GAINED THE REPUTATION OF BEING ONE OF THE MOST PRESTIGIOUS AIRLINES IN THE WORLD. TATAS WILL HAVE THE OPPORTUNITY OF REGAINING THE IMAGE AND REPUTATION IT ENJOYED IN EARLIER YEARS. MR. J. R. D. TATA WOULD HAVE BEEN OVERJOYED IF HE WAS IN OUR MIDST TODAY.Advertisement
WE ALSO NEED TO RECOGNIZE AND THANK THE GOVERNMENT FOR ITS RECENT POLICY OF
OPENING SELECT INDUSTRIES TO THE PRIVATE SECTOR.
WELCOME BACK. AIR INDIA!RATAN N. TATA
It is worth mentioning that after a mammoth gap of 68 years, debt-laden national carrier Air India returned to its founders Tata Sons, ending a decades-long struggle to the divestment.
The transaction is expected to close by the end of December 2021, said Tuhin Kant Pandey, DIPAM Secretary. Pandey said the government will get ₹2,700 crore cash from Tata’s for the sale of its 100% stake.