Westward, Indian steel and technology companies are beginning to leave Russia

Liputan6.com, Jakarta – India’s two biggest companies say they are beginning to leave Russia after dozens of Western companies left the country in condemnation of the conflict in Ukraine.

Reported by cnn Business, On Monday (04/25/2022), one of India’s largest steel companies, namely Tata Steel, said it had “made the decision to stop doing business with Russia”.

The company, which is also one of Europe’s largest steel producers, also said it had plans in place to ensure there was minimal disruption to operations after leaving Russia.

“All of our steel production plants in India, the UK and the Netherlands have received alternative supplies of raw materials to end their dependency on Russia,” Tata Steel said in a statement, without giving further details.

Tata Steel is part of the Tata Group, one of the largest multinational corporations in India.

The announcement of the company’s exit from India comes just days after Infosys (INFY), one of India’s largest tech companies, announced that it has begun shifting its operations out of Russia.

“Given what is happening in the region (Russia), we have started to shift all of our work from our centers in Russia to our centers outside of Russia,” Infosys CEO Salil Parekh said last week.

“We are also providing support to reskill displaced people and are considering moving them to other regions if they can work at some of our sites in Eastern Europe,” he added.

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