The Tata conglomerate, India's biggest business group, has said it will invest $35bn (£20.7bn) over the next three years in areas including retail and defence.
The expansion plans were unveiled by chairman Cyrus Mistry at an internal meeting this week and confirmed via an emailed statement. Tata has more than 100 companies, including Tata Motors and Tata Steel. The global investment plans come amid a sluggish economic environment in India. Tata said it was creating a special focus on four…
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