A PHP Error was encountered

Severity: Warning

Message: getimagesize(http://static.ft.lk/ftadmin/wp-content/files_mf/http://www.ft.lk/ftadmin/wp-content/uploads/2013/01/BUP_DFT_DFT-13s2.jpg): failed to open stream: HTTP request failed! HTTP/1.1 403 Forbidden

Filename: templates/inner.php

Line Number: 59

http://static.ft.lk/ft_logo.png"/> Tata plans to invest over $ 8 b over two years
Home / / Tata plans to invest over $ 8 b over two years

Tata plans to invest over $ 8 b over two years


Comments / 1024 Views / Friday, 4 January 2013 00:01


Reuters: India’s salt-to-software conglomerate Tata Group plans to invest more than 450 billion rupees over the next two years, its newly appointed Chairman Cyrus Mistry wrote in an internal mail on Wednesday.

Mistry, who has taken over as chief of India’s biggest corporate grouping from Ratan Tata, did not elaborate on the investment plans in the mail to employees that was seen by Reuters.

“With a sustained focus on policy stability and implementation, I believe that India would continue to be an attractive investment destination,” he said in the mail, referring to the government’s recent economic reform measures.

“I look forward to our group playing its role in continuing to invest in the Indian growth story.”

Mistry was named chairman designate in November 2011 and his appointment was formally announced by the board of Tata Sons, the group holding company, last month.

The $100 billion Tata Group includes Tata Motors, owner of the Jaguar and Land Rover brands and maker of the Nano, the world’s cheapest car, as well as Tata Consultancy Services, Tata Steel (TISC.NS) and dozens of other companies.

Mistry said in the mail the group would seek to expand its global presence with a focus on emerging markets in Asia, Africa and parts of Latin America.


Share This Article


COMMENTS

Today's Columnists

Reform of exchange controls: There is a need, but do it correctly – Part I

24 April 2017

The first Ceylonese Governor of the newly-established Central Bank N.U. Jayawardena ​ Proposal to reform exchange controls without giving details Prime Minister Ranil Wickremesinghe, in announcing the economic policy s...


PIM MBA in Oman: A Sri Lankan pride

24 April 2017

It was indeed memorable to organise an inauguration of a brand new MBA batch at the Postgraduate Institute of Management (PIM) in Muscat, Oman. It was encouraging to see the spirit of Sri Lankans in Oman who actively supported our endeavo...


Potential risks and negative implications of the proposed Foreign Exchange Bill

24 April 2017

From the perspective of the Government, the following are the key components of a checklist for assessment and validation prior to the enactment of the proposed Foreign Exchange Bill. Does the Bill in its present form, post enactment: 1.Advanc...


Meethotamulla tragedy and political garbage

22 April 2017

    The Meethotamulla tragedy has brought back the politics of garbage to every screen, newspaper and radio. Street protests are happening around every garbage dump. Modern day popular communication technologies have take...


Columnists More