In a bid to strengthen global position Tata Group to invest $35 bn in next 3 years.
India’s largest conglomerate – Tata Group – is all set to invest $35 billion in the next 3 years, the investments will range across various sectors in the market and will be a part of the company’s 2025 vision of achieving a market capitalization comparable to the top 25 companies in the world.
The new investment plan announcement came at the Tata Group’s Annual Leadership Conference in Mumbai last week, where the group’s Chairman Cyrus Mistry spoke about the company’s future plans.
The Tata group – whose market capitalization can currently be compared to Unilever, Pepsico and Bank of China – witnessed its annual revenue for 2013-2014 cross the $100 billion mark once again.
Other revelations of the new Tata roadmap included the company’s decision to foster its currently diversified market strategy, even though the focus will be on traditional businesses, the Tata’s aim to venture out into new territories like e-commerce.
The group has also singled out four of its major support sectors – that will play an integral role in fueling growth – realty and infrastructure, defense and aerospace, consumer and retail and financial services.
The 2025 vision will also include restructuring of business and selling of non-profitable assets, recently, the company sold off its ‘The Blue Sydney Hotel’ in Australia and ‘Neotel Telecom’ in South Africa.
A Tata spokesperson said, “The Tata group’s Vision 2025 is: ’25 per cent of the world’s population will experience the Tata commitment to improving the quality of life of customers and communities. As a result, Tata will be amongst the 25 most admired corporate and employer brands globally, with a market capitalisation comparable to the 25 most valuable companies in the world.”