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India's giant TATA plans worth US$90 billion investment in home country


TATA Group is planning to invest US$90 billion by 2027 in new industries such as electric vehicles, semiconductors, renewable energy, batteries and ecommerce. As per the group's new strategy, it intends to set up these manufacturing units in India itself, rather than focusing on international market. 

TATA has been expanding its presence in aviation industry, having recently acquired  Air India for INR 18,000 crore (approx US$2.25 billion at current rate). The group has already made advances in various fast growing industries such as electric cars, and renewable energy, electronics.   

The group is now looking at venturing into semiconductor business which has garnered interest from few large corporates considering the global shortage of chips as well as Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing. 

The Union Finance Minister had recently urged the private sector to let go of its apprehension about commiting large investment in India to supplement the government's commitment made at the budget session this year. It does reflect the country's concerns over wanning private capital investment.  

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