[miningmx.com] — INDUSTRIAL conglomerate Tata Group will invest up to $27bn in the Indian market over the next five years and more than double its revenue to $150bn, the Press Trust of India said quoting a top official.
Kishor Chaukar, managing director of unlisted Tata Industries, told the news agency the investment would be in the power, steel, automobiles, telecommunications and chemicals sectors. About half of the planned investment will be by Tata Power over the next five years, he added.
The salt-to-computers group expects revenue to more than double in about five years, he said.
“I think it will be around $140bn to $150bn,” he told PTI.
The group, founded in 1868, runs India’s top vehicle maker, Tata Motors , top software services firm Tata Consultancy Services , top private sector power producer Tata Power and the world’s seventh-largest steel maker by output, Tata Steel
