While the company would pump in Rs 6,000 crore in the Calcutta Electric Supply Co (CESC) in the two years, it has set aside Rs 2,000 crore for Ceat Tyres and Rs 1,000 crore in the Philips Carbon Black, Goenka told reporters.
Money would be invested in CSEC to raise its production to meet the needs of states like Jharkand, Orissa and West Bengal, he said at his rubber estate at the Harrisons Malayalam at nearby Mooply yesterday.
Goenka was here to inaugurate the accelerated replanting and factory modernisation programme.
The large investment was necessitated to compete in the fields following the government's liberalisation, privatisation and globalisation policies, he said.
The group was aiming to increase productivity, quality and facilities to workers by the expansion, he added.
Replying to a query regarding the Rs 5,000 crore power project in Kannur, for which an MoU had been signed when K Karunakuran was the chief minister, Goenka said he was forced to drop the project following lack of interest shown by the succeeding government.