News: Targeting $150 bn: Tata Group to invest Rs 1.2 lakh cr in 5 years


Targeting $150 bn: Tata Group to invest Rs 1.2 lakh cr in 5 years

With over 90 operating companies, The Tata Group aims to invest up to Rs 1.2 lakh crore in the domestic market. This investment plans to more than double its revenues to $150 billion (about Rs 6.64 lakh crore) in the next five years.
Half of the planned investment will be in the power sector, while the other major portions will be in steel and automobile sectors.
Says Tata Industries Managing Director Kishor A Chaukar, "We have become a significant player globally in each of the sectors that we are present in. In the next five years, the pace of growth of the group will continue... The current investment assessment for the next five years is around Rs 1.1 lakh crore to Rs 1.2 lakh crore," Tata Industries is one of the investment arms of Tata Group.
He also mentioned that the company has already invested about Rs 70,000 crore in the last three years and Rs 1.2 lakh crore would be in addition to this. Incidentally the group has expanded to nearly $68 billion at present from about $8 billion 10 years ago.

Topics: Updates, C-Suite

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