|
The WilliamsF1 Team today
announced a major new sponsorship association with Tata, one of India’s most
successful multi-disciplinary commercial conglomerates. The partnership will
see the Tata brand displayed on the FW28’s nose, the drivers’ helmets and
overalls, as well as on various locations across the team environment.
An industrial giant, the Tata Group comprises a network of 92 operating
companies in seven business sectors, including information systems and
communications, engineering, materials, services, energy, consumer products
and chemicals, and is one of the driving forces behind the re-emergence of
the Asian Tiger phenomenon.
Founded in the last quarter of the 19th century, Tata is today one of
India’s largest businesses with revenues equivalent to almost 2.6% of the
nation’s gross domestic product. The Group employs in excess of 220,000
people and exports products and services to over 140 countries worldwide.
With a product portfolio ranging from motor cars to tea and from internet
services to luxury hotels, the Tata Group can justifiably claim to touch the
lives of every one of India’s billion inhabitants on a daily basis.
Inherent in the fabric of the Tata Group’s guiding principles, expounded
since its
inception, are the core values of integrity, understanding, excellence,
unity and
responsibility. Born at the time of de-colonisation, the Group aligned
business
opportunities with nation building and it is this same ethos that is
ingrained in the
Group’s decision-making process today.
The alliance with the WilliamsF1 Team will provide a unique platform for
Tata to
communicate its blanket of competencies to a global audience. In particular,
Tata will use the partnership to illustrate its technical proficiencies
through a range of initiatives, including software development and CAD
design. The union of Williams, a niche British engineering company and the
industrial muscle of Tata, promises to deliver a formidable range of
benefits to both parties.
Following the announcement, Mr. Romit Chaterji, the Tata Group’s Sr. Vice
President, Corporate Affairs, commented, “We are delighted to be partnering
a world-class team like WilliamsF1. Their successful track record over the
years in Formula One and their passion for the sport is what sets them
apart. In addition, we are happy to support Narain’s F1 racing career for
another year. Moreover, this association extends beyond mere sponsorship
with WilliamsF1 as they will be exploring opportunities to source high
technology products and services from the Tata Group.”
Frank Williams, Team Principal of the WilliamsF1 Team, confirmed, “To
welcome a company of Tata’s calibre to the Williams sponsor community is
enormously
satisfying. Formula One will not only deliver sound business to business
opportunities to the Group, but the team will also benefit from their
considerable expertise in various technical fields.” |