It’s confidence that speak. Tata group is targeting to invest about Rs 65,000 crore in its group companies in the current fiscal. This capital expenditure is part of its medium-term strategy to all the business sectors in which the group is engaged.
It has companies covering ranging from engineering, materials, information technology and communications, consumer products, services, energy to chemicals.
However, the majority of the investments will go to its group's large companies including Tata Steel, Tata Motors and Tata Consultancy Services (TCS).
Accordingly, the Tata Steel will get a capex of nearly Rs 16,500 crore, Tata Motors has earmarked around Rs 38,500 crore, of which Rs 35,000 crore will be for its British arm JLR and Rs 3,500 crore for its operations in India. Similarly, its IT major TCS is in the race for Rs 4,000 crore of capital expenditure for this fiscal.
All these investment proposals are on its way to continue its effort to develop the new technologies on global and domestic fronts.
Tata Sons spokesperson said capital expenditure plans of group firms "are available, wherever so declared, in their individual financial and business related announcements".
"Tata companies always take a long-term view of business and make required investments, depending on the needs of the geography concerned and company imperatives, on new products and services, research and technology development, and establishment or expansion of facilities and business enablers," the spokesperson added.
It has companies covering ranging from engineering, materials, information technology and communications, consumer products, services, energy to chemicals.
However, the majority of the investments will go to its group's large companies including Tata Steel, Tata Motors and Tata Consultancy Services (TCS).
Accordingly, the Tata Steel will get a capex of nearly Rs 16,500 crore, Tata Motors has earmarked around Rs 38,500 crore, of which Rs 35,000 crore will be for its British arm JLR and Rs 3,500 crore for its operations in India. Similarly, its IT major TCS is in the race for Rs 4,000 crore of capital expenditure for this fiscal.
All these investment proposals are on its way to continue its effort to develop the new technologies on global and domestic fronts.
Tata Sons spokesperson said capital expenditure plans of group firms "are available, wherever so declared, in their individual financial and business related announcements".
"Tata companies always take a long-term view of business and make required investments, depending on the needs of the geography concerned and company imperatives, on new products and services, research and technology development, and establishment or expansion of facilities and business enablers," the spokesperson added.
