After the West, Indian steel and tech companies are starting to leave Russia, Jakarta – India’s two biggest companies say they are starting to leave Russia, following dozens of Western companies that left the country to condemn the conflict in Ukraine.

reported from CNN Business, On Monday (4/25/2022), one of India’s largest steel companies, namely Tata Steel, said it had “taken 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 minimal disruption to operations after leaving Russia.

“All of our steel production sites in India, the UK and the Netherlands have secured alternative raw material supplies to end their dependence on Russia,” Tata Steel said in a statement. a press release, without providing further details.

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

The announcement of the company’s exit from India comes just days after Infosys (INFY), one of India’s biggest tech companies, said it had started moving its operations out of Russia. .

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

“We are also providing assistance to retrain displaced people and are considering relocating them to other geographies if they can work in some of our locations in Eastern Europe,” he added.

President Joko Widodo (Jokowi) recently explained why the prices of a number of commodities, especially food and energy in Indonesia, have increased in recent weeks. In his statement, Jokowi said it was affected by the situation…

Jordan Carlson

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