Tata Steel makes an enormous economic impact on society, both direct and indirect, by virtue of the nature of its operations and its extensive social initiatives.

The Tata group realises that its employees are its most valuable human capital and they play a vital role in building a competitive advantage of the Company’s business across the globe. Through 2010-2011, the Group has continued to demonstrate that the recruitment of best talent and engagement of its employees is an asset through both high and low demand cycles in the industry.

As a result of such focused approach, there has been a significant increase in the percentage of skilled employees and also a simultaneous increase in the workforce. The employees’ strength in Indian operations increased to 34,912 as on 31st March 2011. Tata Steel also provides indirect economic benefits to many thousands more through its contractors and suppliers. There are many institutions and organisations in and around Tata Steel including health services, schools, sports facilities, clubs, credit societies etc. which are supported by the Company financially and through the contribution of skilled manpower.

In addition to the economic opportunities offered directly by the business, the Company’s activities in an around its areas of operation have promoted the economic well-being of people through indirect employment and business opportunities. Ancillaries and associate companies that thrive on the strength of the main industry are also a permanent source of sustainable employment. In India, Jamshedpur has one of the highest per capita income and the highest per capita expenditure by consumers.

The Tejaswini Programme organised by the Company has contributed to the empowerment of more than 1,000 women belonging to 70 Self-Help Groups across 40 villages.