Corporate Social Responsibility

More than 5,000 people converged in the month of October in the Confederate Indian state of Tamil Nadu to protest a pick out that set the stage for the state goerning body to appropriate close to 10,000 acres of land and hand it over to Tata Steel Corporation, a subsidiary of Indias largest conglomerate. The June 2007 agreement allows the giant friendship to exploit ilmenite in Sathankulam, an agrarian pocket of Indias coastal countryside. This ilmenite, when processed, yields si alloy and titanium dioxide (TiO2), both extremely valuable products. Indias ilmenite resources argon estimated at more than 21 percent of global deposits, entirely much of it has not been tapped. Instead the country imports most of its one-year consumption of 70,000 tons of TiO2 as well as the titanium metal it uses for defense and space research. Meanwhile global guide for the metal is rising; indeed other big industrial countries -- like the U.S. and Russia -- have already stockpiled large quantities of the strategic metal. Realizing the authority for future production should the sector open up, DuPont, the market attracter in titanium dioxide pigment, already has set up outposts in India. And companies like Boeing have also started to look to India as a source of titanium metal. (Boeings aircrafts are nearly 15 percent titanium in weight.

)  For its part the Indian government is contemplating deregulation that would allow 100 percent foreign maneuver investment in mining and processing. This potentially lucrative pertly opportunity quickly attracted the attention of Tata, one of Indias oldest and biggest companies. The company sees titanium mining is an important opportunity for diversification. But before Tata can proceed with the $625 million titanium project, it needs to pay off the land and displace thousands of local farmers and small business people. As currently envisioned, the mining project involves land spread over six villages in Sathankulam, a 24-square mile area astir(predicate) 35 miles from the... If you want to get a full essay, holy order it on our website: Orderessay

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