Tatas line up Rs 1,20,000 cr investments

The Tata group, India's second-largest business conglomerate by sales, will invest Rs 1,20,000 crore in the next three to five years to expand its businesses in telecommunications, steel, chemicals, power, and automobiles.

Tata Industries Managing Director Kishore A Chaukar said here today: "These are the areas in which, we believe, the companies can contribute value for money for its customers and investors across sectors."

This is the first instance of a senior Tata executive quantifying the group's investment plans.

The entire corpus of Rs 1,20,000 crore will be invested in the domestic market. The group will also expand to new areas, apart from investing in emerging sectors like biotechnology.

The group will make the investments through its major companies like Tata Steel (Rs 70,000 cr), Tata Motors (Rs 10,000 crore), Tata Power (Rs 20,000 crore), and the telecom business (Rs 20,000 crore).

The group operates through 93 companies in six continents. Tata Sons is the group's holding company, while Tata Industries is its vehicle for investment in new economy ventures.