Rupees 65,000 crore capex lined up by Tata Group
The several firms existing in the Tata Group of Industries have come up with a capital expenditure of over Rupees 65,000 crore. The capex happens to be a part of the medium term strategies which cover all the important fields of the group. Engineering, materials, information technology, communication, consumer products, services, energy to chemicals are some of the vital sectors.
The group’s most important companies such as Tata Motors, Tata Steel and Tata Consultancy Services will make most of the investments. The expenditure has carefully focused on the new products and services (which have been planned from before) along with the development of fresh technologies for the global and domestic operations.
One of the major spokespersons has added that the Tata Company is very professional and always keeps long term goals in mind. They make the right kind of investments needed and it often depends on what the particular land requires. It could be its products and services, company imperatives, development of research and technology as well as the establishment of the facilities. They usually tend to be positive and keen when it comes to upcoming trends.
There are over 100 companies which are operating under Tata at the moment. They function across six continents and in over a 100 countries. Its companies also carry out the task of exporting services and products to over a 150 countries.
Source – PTI
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