Photo: Tata Motors
The Tata Group, from India, has just announced that they plan on investing the equivalent of $8.2 billion at the current exchange rate, by 2015, according to the company’s new chairman, Cyrus Mistry. The news was announced on Wednesday, through an internal email.
It said: “With a sustained focus on policy stability and implementation, I believe that India would continue to be an attractive investment destination. I look forward to our group playing its role in continuing to invest in the Indian growth story.” The investment was most likely spurred by the recent economic reform measures put forth by the Indian government.
Also, the Indian company is planning to make itself better known in regions of the globe where their presence is either not well-known enough, or inexistent. These regions include Asia, parts of Latin America and Africa. This spells good news for Tata, and with projected investment set to take the company higher than it has ever been, Cyrus Mistry is off to a great start as CEO, having only been officially named as Ratan Tata’s replacement last month.
Also, the Indian company is planning to make itself better known in regions of the globe where their presence is either not well-known enough, or inexistent. These regions include Asia, parts of Latin America and Africa. This spells good news for Tata, and with projected investment set to take the company higher than it has ever been, Cyrus Mistry is off to a great start as CEO, having only been officially named as Ratan Tata’s replacement last month.
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