On Jan 6th 15, PM Narendra Modi has released a coin set with Rs 100,Rs 5 to honor TATA Group founder Jamsetji Nusserwanji Tata to mark 175th Birth Anniversary
A collector’s item, the set of Rs 100 and Rs 5 coins in silver depicting Jamsetji’s bust, has been fabricated by the Kolkata mint of the Security Printing and Minting Corporation of India and would be priced at Rs 4,500 each. Initially, only a dozen sets have been sent for being presented to the dignitaries. -
In the past, Jamsetji has been honoured by India Post through release of stamps — one in 1958 to mark the golden jubilee of the steel industry in India and another in 1965 in recognition of his contribution to the industrialisation of India. So far, coins have only been minted in honour of the freedom struggle, freedom fighters, events, scientists, temples, institutions and organisations
Jamsetji was chosen by the Modi government because he is regarded as the “father of the Indian industry” for setting in motion what became Asia’s first integrated steel company, despite the hostile investment environment of a colonised India and his own failing health.
Only the hotel — Taj Mahal in Mumbai — became a reality during his lifetime. Tata Iron and Steel Company Ltd (now Tata Steel) came into being in 1907, three years after his death in May 1904, and is ranked among the world’s top steel companies. -
Hope see to more govt is going to honor more Industrialists who made the country proud.