Davos 2023 Tata Group’s Capital Expenditure Commitment In India For Coming 5 Years Is 90 Billion Dollar Says N Chandrasekaran

Tata Group: The Tata group will spend $ 90 billion in capital expenditure in the country in the next five years. Tata Group Chairman N Chandrasekaran has said these things in the ongoing World Economic Forum meeting in Davos. He said that there has been a tremendous increase in consumption in India. And this is being seen not only in urban but also in rural areas.

According to N Chandrasekaran, the Tata group is going to make large-scale capital expenditure in businesses like steel, auto, electric vehicles, renewable energy, batteries and electronics. And in the next five years, the group has set a target of spending $90 billion. He said that in the last five years, the Tata group has shown an impressive growth rate. Last year the group had shown a growth rate of 25 percent and he expressed hope that the group would show a growth rate of 22 to 23 percent in the current year.

He told that the way the shape of business is changing all over the world, India is sitting in a very special position at this time. He said that at present three global changes are taking place – Artificial Intelligence, Energy Transition, Geopolitical Transition. He said that our strong India is uniquely positioned for all three transitions because of the tech sector and the pool of talent it has. India has the highest number of tech graduates passing out anywhere in the world.

N Chandrasekaran said that a huge opportunity exists in India. He said that the fear of private sector not coming to India is baseless and I do not know from where this fear is coming that private sector is not coming. He said that in the last five-six decades, India has shown that we can take advantage of technology and do developmental projects.

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