Comments /982 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.
24 May 2016
For Sri Lanka to attain its goal, it is of utmost importance to consolidate the budget which has gone out of control due to falling revenue and soaring expenditure Crisis manifesting as a foreign exchange shortage Sr...
24 May 2016
Perhaps the natural disaster we are currently facing could be a wakeup call for managers and administrators at all levels alike to think and act like authentic leaders Overview We still bear the bru...
24 May 2016
The tea plant was brought into the country by the British in 1824 for non-commercial purposes and later developed to be a key export commodity out of (Ceylon) Sri Lanka. Today Sri Lanka is the world’s fourth largest producer of tea and expor...
21 May 2016
On 14 May I retweeted a satellite image of a weather system over Sri Lanka. The tweet said “WEATHER ALERT - Severe rain over #LK will continue for next 24/48hrs. Public cautioned over flash floods & landslides.” The ha...