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 / 1013 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

Steamrolling of Central Bank by Minister of Finance: An unsavoury development?

23 January 2017

An unsavoury rift between the Central Bank and Minister of Finance A growing rift between Finance Minister Ravi Karunanayake and the senior management of the Central Bank is surfacing now, worrying both financial markets and prospective fo...


Sustainability: How that translates to agriculture

23 January 2017

Once cultivated, traditional paddy that is grown organically will establish its own markets based on the consumer demand   For the longest time the word “sustainable agriculture” was a catch phrase only. I...


Yahapalanaya lapses – Is Mahinda the option for Muslims?

21 January 2017

Former Minister, Speaker and Premadasa/Rajapaksa loyalist and National List nominee Parliamentarian A.H.M. Azwer along with a few other Muslim Mahinda diehards claim that Yahapalanaya under President Maithripala Sirisena and Prime Minister Ranil W...


First Sinhala talkie ‘Kadawunu Poronduwa’ was released 70 years ago

21 January 2017

History was made 70 years ago when the film ‘Kadawunu Poronduwa’ (Broken Promise) premiered at the Kingsley Theatre in Colombo on 21 January 1947. The Chief Guest was D.S. Senanayake, Minister of Agriculture and Lands under the State C...


Columnists More