Tatas to invest $90 bn in India in 5 years; focus on new industries

The Tata group is planning to invest $90 billion in new industries such as mobile components plant, semiconductor, electric vehicles, batteries, renewables energy and e-commerce by 2027.

The Tata group’s investment in India is far higher than the $75-billion investments planned by Mukesh Ambani-owned Reliance Industries and $55-billion investment planned by the Adani group in the next five years in the country, the Economist reported on Thursday.

The investment by the Tata group is a shift in its strategy to focus more in the home markets instead of international markets where the group lost money. Some 77 per cent of