Times of India cited Mr Cyrus P Mistry new chief of TATA group's as saying that the TATA group will invest more than INR 45,000 crore on various businesses over next 2 years and would look to expand its presence in global markets besides in India.
In his first message as chairman of TATA Sons, the holding company of over USD 100 billion salt to software conglomerate, Mr Mistry said that the core of the TATA group will remain unchanged despite change in its leadership and asked the group companies to play leadership roles in their respective businesses.
He said that the group has evolved into a global conglomerate with an incredible size of over USD 100 billion under Ratan TATA's leadership. Handing over of the responsibility of chairmanship brings with it the winds of change, but the core of the TATA Group must and will remain unchanged.
Mr Mistry, 44, has taken over as head of TATA group from Ratan TATA, who retired on December 28th after spending nearly 50 years with the group, including 21 years as Chairman.
Source:
http://www.steelguru.com/indian_news/TATA_group_to_invest_over_INR_45_crore_in_2_years_Mr_Mistry/297087.html
